Lifetime strategies for mitigating your Inheritance Tax Liability

Inheritance Tax can be said to be voluntary; but without knowing exactly when you will die in reality it’s difficult to arrange this effectively. Most people wouldn’t be comfortable reducing their assets very significantly so good planning is usually a matter of balance.

Our team discuss some of the tax planning strategies for individuals that are often overlooked, and address some misconceptions too.

Everyone knows that retaining capital means a large Inheritance Tax bill eventually but the need for income means most people won’t gift it away – but what if there were an alternative?