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Inheritance Tax UK: How Britons can eliminate a significant IHT bill - actions to take | Personal Finance | Finance

| UPDATED: 15:23, Wed, Jan 20, 2021
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Inheritance tax is payable on the estate of someone who has passed away, and is set at 40 percent above a particular threshold. Generally, this threshold is set at £325,000, but can vary dependent on a person’s circumstances. For those who are left behind with a tax bill to meet, the burden can often be significant, and many will be looking for ways to reduce, or even eliminate their tax liabilities. ....

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Inheritance Tax: 'DIY' Wills surge in popularity - but there are consequences to consider | Personal Finance | Finance

| UPDATED: 21:35, Mon, Dec 28, 2020
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Inheritance tax (IHT) is levied on the estate of a person who has passed away, and is taxable at 40 percent above a particular threshold. With people looking to reduce these costs for loved ones, many have chosen to draw up a will - which has particularly been the case throughout the COVID-19 pandemic. However, the number of people choosing to do this arrangement themselves, rather than consulting a solicitor has drastically increased, leaving some concerned about the consequences for Britons. ....

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