The amount of money the UK government received from inheritance tax (IHT) reached £4.7 billion for the year ending 31 October – up 11.9% on the previous year, according to new findings.
But there are ways to reduce your IHT bill, such as utilising your annual gift allowance. Plus, a new inheritance tax threshold is being introduced next April, dubbed the ‘family home allowance’.
For more on this and other ways to minimise your IHT exposure, please contact us
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