The Telegraph has recently published an article exploring the topic of Inheritance Tax (IHT), how it is calculated and the importance of IHT planning. In fact, The Office of Budget Responsibility has forecasted that 40,100 bereaved families will face tax on their inheritance for the 2015/16 tax year – and that figure will reach 45,100 in 2016/17.
Click here to access the article
At LGBR, we have several IHT products that can help you avoid this liability which you can check out here.
For further information, email our tax team or call us on 020 3195 7100.