Inheritance tax on gifts: planning tips to protect your family wealth

Family of three generations walking a dog

In total, 1,080 estates paid IHT on gifts in the 2021/22 tax year (the most recent year that data is available) – compared to less than 590 estates in 2011/12. Planning can reduce avoidable IHT bills Many of these tax bills could have been prevented (or at least reduced) with more effective planning. For example, […]

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