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The combined tax-free allowance has risen from £300,000 to
£600,000 with a further increase to £700,000 planned from 2010.
However this increased allowance only applies to married couples and
Civil Partners (or widows/widowers); Single and cohabiting couples
with assets over £300,000 may still find themselves liable for
Inheritance Tax in the event of their death.
Inheritance tax liability can be significantly reduced or avoided by careful tax
planning.
We can help you to decide which is going to be the most tax efficient
route for you and ensure that plans are put in action now to avoid
the government, rather than your next of kin, benefiting from the
assets you have built up.
Contact Louisa Herrington-Green
or Lauren Jackson |
