Summary
With the mention of inheritance tax (IHT), most people simply dismiss the possibility that their estate could ever be liable, assuming it is paid only by the rich.
It is a common misconception. Currently IHT is levied on everything you leave over pounds 255,000.See the full content of this document
Extract
Inheritance Tax Is Not Just for the Rich
This includes: your home and your car; investments and savings; furniture and personal effects; proceeds of your life insurance, if not written in trust.
And at a rate of 40pc for everyone, IHT can be costly for those inheriting.However,...See the full content of this document
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