Summary
DESPITE inheritance tax (IHT) affecting more of the population than ever, millions of people are failing to plan to reduce its impact on their estates.
Worryingly, 60 per cent of Scots do not know what IHT stands for, according to new research from Friends Provident, the life assurance and pensions company.See the full content of this document
Extract
Trust the Experts On Inheritance Shake-Up
Currently, up to 40 per cent tax is charged if someone dies and leaves an estate worth more than GBP 300,000 - assets less than that are known as the "nil rate band".
In his last Pre-Budget Report, the Chancellor announced that for deaths on or after 9 October, 2007, spouses a...See the full content of this document
Sponsored links
