Inheritance Tax used to apply only to the wealthiest strata of society. However, because of increases in the standard of living, incomes and property prices large numbers of people are now faced with this paying this tax on their legacy to the next generation.
The Inland Revenue rules allow you to manage your affairs to allow a certain amount of mitigation of this tax. It is surprising that many people do not arrange their estates to minimise the impact of the 40% tax on liable amounts.
At Lansdown Place we will help ensure that you optimise your assets to allow the maximum amount possible to pass to the next generation.
A modest amount of planning and foresight now, can make a big difference to preserving your wealth later