Death and Taxes are Certain but IHT Doesn’t Have to Be
- On December 13, 2018
- By GrowthInvest Admin
The old adage about death and taxes being the only two certainties in life is clichéd. To make the link between the two is not particularly ground-breaking either.
Quite how effective one can be when it comes to minimising the tax due on death is, however, a subject a lot of clients find illuminating.
Since it was introduced in the 18th century to help fund the fight against Napoleon, until the end of the 20th century inheritance tax (IHT) had, in various guises, been a way of targeting the very wealthy.
Until fairly recently, this group was fairly small. But in the 1990s most asset classes, most pertinently property, started an almost unabated rise to bring millions more Britons within the threshold of what had previously been considered the ‘very wealthy’.
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