How to reduce you inheritance tax bill?
By carlos2008
@carlos2008 (210)
China
October 27, 2008 12:41am CST
Hundreds of thousands of households are at risk of paying inheritance tax(IHT).The much-hated tax is charged at 40 percent on the value of your estate over the nil-rate band threshold-&312,000 for an individual and &624,000 for a married couple.
Once you factor in the family home, holiday properties, buy-t-lets, savings and investments, any people's estates are now over this limit.
But there are ways to escape IHT and a few simple steps could ensure that your heirs pay nothing. Here we explain how...
1 response
@BubblyIan (750)
•
27 Oct 08
WIth the collapse in the value of property and share holdings on the stock market it is likely to affect less and less people. Of course it is unfair but less than 4% of people have this as a problem. We should be so lucky!
I think there arwe far more pressing problems such as reforming the benefits and tax credits systems to reward people who stay together rather than punishing them and to reward people who get off benefits to go to work rather than punishing them and to share benefits between both parents rather than giving them all to the mother.... I could go on....
