Mitigating 'voluntary' inheritance tax

Stellar's Jonathan Gain explains how trading companies can help your clients find flexibility and asset control in their IHT planning.

No other tax appears to stir the emotions more than Inheritance Tax or IHT. IHT is a tax on the assets you leave behind when you die; the issue is that these assets have been funded from post tax earnings and therefore IHT is a double tax charge. For most people in the UK, IHT is not given great consideration principally because of the belief that it only affected the rich. However, rising property values mean that many issues being faced by families today are a direct result of being dragged into the IHT net by stealth means. IHT is levied on those estates in excess of £325,000 at...