In this podcast episode, I discuss how effective estate preservation planning could save a family a potential inheritance tax bill amounting to hundreds of thousands of pounds.

Key Takeaways

  • Inheritance Tax was introduced in 1986 replacing the old Capital Transfer Tax which itself replaced Estate Duty.

  • The Government has frozen the 325k lifetime exemption allowance, which has resulted in inflation eroding this total over time.

  • Money left to spouse or to a registered civil partner will be exempt from Inheritance Tax.

  • Inheritance Tax is payable at 40% on the amount exceeding the exemption allowance threshold.

Get In Touch

If you would like some help with estate preservation planning, book a free 30 minute call:

Want to know more? Take a look at these other Inheritance Tax related articles:

Lifetime Gifting:
What is Residence Nil Rate Band:
Types of Trusts:
Intestacy Rules – Dying Without A Will:

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