Inheritance Tax Planning and Trusts  
 TaxWorld: UK Inheritance Tax Planning

UK Inheritance Tax World

Introduction
 
IHT Liability
 
Who Pays The Liability?
 
Mitigating IHT
 
Provision for Liability
 
Trusts
 
Next Steps
 
Select the Above Options for Information on Avoiding Inheritance Tax
 


Avoiding Inheritance Tax

Research the whole taxation gamut, from capital gains tax to UK inheritance tax.

 


IHT - PLANNING TO MITIGATE


Planning to Mitigate the Impact of IHT?

It is central to English Law, that it is possible to “arrange ones affairs to reduce the amount of tax that has to be paid” however, it is generally accepted that IHT is one of the most difficult taxes to mitigate. UK legislation has been written over the last 20 or so years that mean that if you make a gift, it has to be a proper gift, so that you can no longer benefit from what you have given away. This is because people were trying to give assets away to reduce their IHT liability, but still benefit from them in some way.

We will briefly look at some of the more common ways in which IHT can be reduced.