When is £1 million not £1 million

When is £1 million not £1 million

David Cameron famously once said he wanted the Inheritance Tax nil rate band for a couple to be £1 million. Despite not being the Prime Minister any longer, he is finally getting his wish and it is about to start happening with effect from the 6th April 2017,with the...
Inheritance tax planning just being ignored. WHY?

Inheritance tax planning just being ignored. WHY?

Canada Life have recently published their IHT Survey for 2016 and it makes for some very interesting reading. Only a 25% of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than they have to. Over 25% don’t have...
Last minute Inheritance Tax Planning

Last minute Inheritance Tax Planning

Inheritance Tax. Variously called the “voluntary tax” and much derided by many. I often hear ordinary people say, “I’ve paid tax all my life, why should I pay it again?” For many people, preparing to mitigate against Inheritance Tax (legally of course) it can be a...