Inheritance Tax (“IHT”) is the tax paid on assets left when someone dies, after any IHT allowances or exemptions are applied. The current rate of IHT is 40%.
IHT may also be applied to certain lifetime transfers including transfers to trusts and also to outright gifts, if one fails to survive them by seven years.
Proactive IHT planning for your estate is the only way to protect your assets and maximise the amount you are able to pass on to your loved ones. Inheritance Tax Implications of Transfers & Owner Managed Companies
Transactions, Inheritance Tax (IHT), Capital Gains Tax (CGT), Corporation Tax & Income Tax – Owner Managed Companies It is relatively common for owners of family and owner managed companies to
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