With the recent substantial rises in the value of domestic property, more and more people find themselves becoming liable to Inheritance Tax. Add in the value of jewellery, paintings and other personal affects and the current threshold of £325,000 doesn't seem overly generous. So how does your estate shape up? Prudent forward planning can keep your potential liabilities to a minimum.
Do you have a will?
Is Gordon Brown the main beneficiary of your estate?
Are you making effective use of annual allowances and exemptions?
Why pay more tax on your death when you have paid tax all your working life?
Have you considered putting in place a Power of Attorney?
*Tax advice is not regulated by the Financial Services Authority.
