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Now however, with property price rises and an increase in home-ownership, a large proportion of UK domiciled individuals will be exposed to inheritance tax (IHT) levied on their estates on death.
Traditionally, Inheritance Tax mitigation has involved costly life assurance plans to meet the potential liability, or the gifting of assets from the estate to reduce the potential liability.
Most individuals, though concerned with potential IHT, are not willing to surrender control of their assets or the income arising from them; nor are they prepared to undertake costly avoidance measures.
It is possible however to retain control of one’s assets, ownership and the income whilst at the same time reducing or mitigating entirely the potential Inheritance Tax on one’s estate.
Some potential strategies for reduction of tax are listed below, but please contact us direct to discuss your own personal situation.
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