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Posts Tagged: Bills

How To Reduce Your Inheritance Tax Bill

Posted by on January 5th 2016 in Blog Posts, Private Client

“We all want to see a system where it is only the very rich that pay inheritance tax, and not hard working people” – these were the words of David Cameron.
 

Despite these intentions, an increasingly large number of people will leave their loved ones with a hefty tax bill when they die.  The current “IHT” threshold is £325,000 and the additional nil rate band will not begin until the 6th April 2017 at £100,000 increasing in £25,000 increments annually, up to £500,000 in 2020/2021. Anything over these limits is subject to a 40% tax bill.   How then can you...

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