Article Abstract:
There are a number of ways to reduce inheritance tax liability in the United Kingdom, which is levied at 40% on assets worth more than 250,000 pounds sterling, after exemptions. These exemptions should be used, and assets should be shared with a spouse. Assets can be given to children or grandchildren, and capital can be lent free of interest to people who the lender aims to benefit after death. Rules on inheritance tax may be tightened, so some forward planning could be useful.
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Article Abstract:
Inheritance tax planning in Britain is explained in detail, with advice on reducing liabilities.
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Article Abstract:
Tax planning advice is provided for British investors on capital gains and other taxes.
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