Data from HMRC has revealed that, in the year 2023/2024, a record amount of £7.5bn has been paid in IHT (inheritance tax).
Whilst property prices are still at a high, and the inheritance tax threshold has not increased, it is important to make sure that you prepare a Will that is as tax efficient as possible, and also consider taking other advice, such as financial advice, if appropriate.
I feel that every time I write an article about the increase of IHT, I say the same thing above… do not full into IHT trap if it can be mitigated!
Contact me, I would be delighted to assist.
0207 183 4595
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.
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