Inheritance tax (IHT) is becoming a major worry for more and more people. Rising house prices have pushed up the value of typical estates to a level where they are liable to be taxed at 40% on everything over £285,000. Giving and Inheriting is an essential guide to estate planning and tax liability, offering up-to-the–minute advice from an acknowledged financial expert, this book will help people reduce the tax bill faced by their heirs and allow many to avoid IHT altogether.
• Taxes on lifetime gifts and residual estates work and what you can do about them.
• Tax-free gifts and ways of reducing your tax liability.
• Charges and costs, with advice on what is appropriate.
• Gifts – to children and to charity.
• Special considerations concerning property, such as equity release schemes.
• The concerns of those receiving an inheritance.
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