Rushed decisions on IHT liabilities could prove costly, writes MARK PRYCE It used to be the case that entrepreneurs and business owners could transfer over their longstanding commercial legacies to the next generation without the fear of a huge cash tax bill on their death. Changes announced by the Chancellor have not only caused widespread […]
inheritance tax
Inheritance tax and your legacy
Along with good genes, have you ever considered what else you’ll leave behind when you’re no longer around? This is one aspect of financial planning which clients are hesitant to discuss, says ROSS HUTCHISON Inheritance Tax (IHT) is the tax payable on your estate upon death and the ‘estate’ can include money, property and anything […]