How to Avoid the Inheritance Tax Trap (Daily Telegraph)

by Maria Scott (Author)

• Used

  Paperback
  2006

  $3.45

  Within another decade 4 million properties could be liable for the tax, compared with the 2.4 million affected now. And, yet, IHT is often described as a voluntary tax because of the tax breaks available to avoid it. In straightforward language, this guide explains how to work out whether you have a potential problem with IHT and, if so, how to deal with it. This is the most up-to-date guide available on how ordinary people can avoid IHT. This step-by-step guide reveals if you have a problem with IHT and which tax breaks are right for you. It shows that new tax traps for some have opened tax-saving opportunities for others. It also talks about the New Civil Partnerships for same-sex couples.

• Used

  Paperback
  2007

  $3.45

  This title offers important advice for the 4 out of 10 families facing IHT. A growing number of ordinary families every year are finding themselves at risk of death duties. As house prices continue to rise so do the number of estates liable for inheritance tax - by 2020 it could be as many as 4.6 millionproperties. But don't just put it out of mind, or sit and worry about it - there is a lot you can do to avoid paying this tax, so much in fact that it is often referred to as the voluntary tax. Why be caught in the trap? Lifetime money editor Maria Scott gives a complete, updated-for-2007 guide on how ordinary homeowners, savers and investors can deal with inheritance tax. Step-by-step guide shows how to work out if you are liable for IHT and which tax breaks are right for you and your family. It explains recent changes to the law, hidden tax traps and loopholes, how civil partnerships for same-sex couples allow assets to be passed on free of IHT, and latest details of the 2007 budget.