One resented tax that can hinder how much of your hard-earned assets are passed to your children, friends and family is Inheritance Tax (IHT). The thought of paying IHT can leave you feeling irritated because it’s likely that some of your hard-earned assets cannot be passed to your loved ones without a huge chunk of […]
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Claiming Business Property Relief to reduce your Inheritance Tax bill
There are a number of ways to reduce your Inheritance Tax (IHT) bill. Here we look at Business Property Relief (BPR) from Inheritance Tax. Shares you own in businesses form part of your estate but BPR may allow you to pass on some of the business tax-free either through your will or when you are […]