Three alternative IHT planning solutions

Farming and forestry products can play an important role in inheritance tax mitigation. Maria Merricks finds out how.

In the last decade, the number of estates liable for inheritance tax (IHT) has increased by approximately 40%, with the rate now capped until 2015 at 40% on anything valued over £325,000. While traditionally family solicitors or accountants would deal with IHT mitigation, HMRC’s tightening of rules on gifting and trust planning methods means many people are turning to financial advisers for help. An increasing number of tools have made the estate planning task easier for advisers. One that has gained traction recently is business property relief (BPR). Compared to the gifting and t...