Home Finance Inheritance Tax UK: How rules on property could affect your estate and...

Inheritance Tax UK: How rules on property could affect your estate and final bill

1
0

The amount could be substantial for many people, as coupled with the IHT threshold, it could shield their loved ones from a higher tax bill. 

In the current tax year, taking into account the £325,000 threshold, couples could be exempt up to £1million.

For single people, the sum is halved to £500,000, but this is still a significant amount. 

In attempts to avoid taxation for their loved ones, some people may choose to give away a home before they die.



LEAVE A REPLY

Please enter your comment!
Please enter your name here