Inheritance tax has often been described as the “voluntary” tax. Those who give enough away during their lifetimes and survive long enough to avoid any tax claw back, can, in theory, avoid inheritance tax altogether.
However, the inheritance tax threshold has, in recent years, failed to keep up with house price inflation. Consequently, every year more and more people become subject to inheritance tax. There are many exemptions and reliefs but taking advantage of them can, in practice, be far from straightforward.
At Milsted Langdon Financial Services Limited, we are able to offer a range of inheritance tax solutions which, either individually or in combination, can meet our clients’ objectives and circumstances.