How To Avoid Inheritance Tax

In this video, we explain 7 strategies to avoid paying inheritance tax.

Inheritance tax is payable in the UK on death, and sometimes when you give away certain assets during your lifetime. If you are UK domiciled (this is a tax status related to residency), inheritance tax is paid on your worldwide assets (subject to certain double taxation treaties); if you are domiciled outside of the UK, inheritance tax is usually paid only on UK assets (as the country you live in will have its own rules).

After you die, your representatives will need to calculate the value of all of your assets and deduct any liabilities (debts). The remainder is called your “estate”, and this value is what may be liable to inheritance tax.

To read our How To Avoid Inheritance Tax blog, which discusses this topic in greater detail, please visit:
woodruff-fp.co.uk/7-strategies-to-avoid-inherit…

To download our Planning Your Inheritance Mini Guide, please visit: woodruff-fp.co.uk/planning-your-inheritance-min…

To speak to our Certified Financial Planner with regards to Planning Your Inheritance, please call 01206 919101.