Inheritance Tax Planning

By: Ensure Inheritance  22/11/2012
Keywords: Trust Inheritance, Universal Asset Protection

Inheritance Tax is charged at 40% on the value of anyone’s estate above the nil band threshold which for the 2012/2013 tax year stands at £325,000. Money passed from wife of husband or between civil partners has always been tax free however the effect of this ‘‘tax free allowance’’ is to postpone the payment of tax until the second spouse’s death.

Keywords: Trust Inheritance, Universal Asset Protection

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