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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

How To Reduce Your Inheritance Tax Bill

“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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