‘It’s okay not having a Will as long as you know what will happen without one.’
Inheritance tax (IHT) receipts have surged by an astounding 22.9% in the first quarter of the tax year, and according to HMRC the amount of IHT paid in the last year has reached an all-time high. But what does this mean for the average person? We cover the basics on IHT.
IHT, short for Inheritance Tax is a tax introduced by the Inheritance Tax Act 1984.
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