Inheritance Tax: Planning Makes a Big Difference

Summary


POOR inheritance tax planning will cost UK taxpayers a staggering Pounds 1.3 billion this year.

Inheritance tax and its predecessors used to be seen as a rich man's tax. About 34,000 estates were subject to inheritance tax in 2007 - 6% of all estates left on death in that year.

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Extract


Inheritance Tax: Planning Makes a Big Difference

Following the increase in the nil rate band from Pounds 285,000 to P...

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