Inheritance Tax: Being the ‘Bank of Mum & Dad’ may cut your IHT bill – 'Everyone wins'
Inheritance tax (IHT) is chargeable at 40 percent on the value of a person’s estate above a specific threshold – usually £325,000. As many have paid tax throughout their lifetime, Britons will generally want to avoid what is often perceived as a “death tax”. But in order to do so,…
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