How to soften the impact of IHT regime

IHT

The property boom means more people than ever will be liable to pay IHT. There are ways around the tax but it is important to plan ahead and get the right advice

In a recent survey, IHT (IHT) came out as the third most disliked tax, behind petrol duty and the television licence fee. The problem is people see it as a double charge. They feel because they have already had to pay income tax and capital gains tax (CGT) during their lifetime, IHT is an additional tax on their deaths. This, combined with the significant rises in house prices over the past few years, has seen individuals becoming far more keen to plan ahead, so as to avoid IHT. It could be said that it becomes a pointless exercise for clients to grow their wealth on the back of good...