Inheritance tax and The Acceptance-in- Lieu scheme (“AIL”)
As a general rule the assets of a deceased person over the value of the nil rate band (currently £325,000) are chargeable at 40% inheritance tax. However, since 1910 the UK government has encouraged those administering estates, responsible for ensuring…
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THE THREE THINGS YOU NEED TO KNOW ABOUT INHERITANCE TAX
You only need to be aware of three things when it comes to inheritance tax: That inheritance tax receipts will at least double in the decade to 2030. That there is a widespread lack of awareness surrounding inheritance tax…
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