In Brief: 30 million parents want to leave wealth to the next generation in their Will #FridayReads
Friday, 10 June 2022
Anything that isn’t exempt will be taxed IHT is a tax that may be paid on your estate (your money, possessions and your share of any property) when you die, reducing how much value will ultimately pass to your beneficiaries. The starting point for IHT in the current 2022/23 tax year is £325,000. When the value of an estate exceeds this amount, anything that isn’t exempt will be taxed at 40%.
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