IHT - a big issue?
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Inheritance Tax (IHT) is set to become a big issue for so many individuals in the UK but the vast majority of people don't realise it. The value of your estate could have grown rapidly, and at the same time the financial threshold at which IHT is payable has risen much slower. So a huge final tax bill is awaiting many.

But why worry, you'll be dead when it needs paying? Unfortunately your heirs will still have to pay those big price rises. They'll receive much less than previously in real terms. IHT kicks in above £325,000 (current Nil Rate Band for 2009/2010 tax year) and is charged at 40%! An estate of £750,000 would pay a whopping £170,000 of IHT liability.

You don't have to pay it
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What people don't seem to realise is IHT is voluntary unlike income tax or VAT. You don't have to pay it. By planning for IHT you can leave your beneficiaries the vast majority of what you're worth instead of a huge chunk ending up in the taxman's pocket. Those with foresight have already started planning. What do we think? Don't leave it too late. Contact Beaumont Robinson now and we can take care of it for you.

Rules on Taxation
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The rules on taxation can change. Their value will depend on your personal tax position. The information on this website
is based on our understanding of current legislation as of January 2010 and may be subject to change.