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Inheritance Tax: Rishi Sunak could take action on IHT in today's Budget - details | Personal Finance | Finance

| UPDATED: 15:08, Wed, Mar 3, 2021
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Inheritance tax (IHT) is chargeable on the value of a person’s estate which falls above a certain threshold when they pass away. Presently, Inheritance Tax is set at 40 percent and will usually be applicable to estates with a value of more than £325,000. While IHT can bring in a significant tax take for HMRC, the tax is commonly accepted as one which is not well-liked among Britons. ....

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Inheritance Tax: Britons urged to act as people 'easily reduce' IHT by £800m last year | Personal Finance | Finance

Recent insight has shown UK taxpayers were able to save over £800million in Inheritance Tax last year alone, according to research by private equity investment firm, Growthdeck.
These individuals were able to make such a significant saving by investing in unlisted companies, making use of IHT relief.
This action enabled people to protect their wealth while also providing much needed capital to unlisted companies which have suffered financially due to COVID-19.
The firm has said many people are currently unaware of the IHT reliefs which are at their disposal, and could be missing out as a result.
Inheritance Tax: Britons urged to act as people ‘easily reduce’ IHT bill by £800m last year (Image: Getty) ....

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