With Brexit looming, now may be a more appropriate time than ever to review your succession planning, and make changes before the UK leaves the European Union.
Murray Beith Murray Senior Solicitor, Alastair Marshall, writes in The Scotsman today (Monday 2 September). Read the full article below:
With the Inheritance Tax (IHT) nil rate band having remained at £325,000 since 2009, more people than ever are having IHT charged on their estates on their death. Over £5.37 billion of IHT was paid to HMRC in the last tax year. This is almost double the amount that was collected ten years ago. With careful planning, it may be possible to reduce your future potential IHT liability significantly. Here are our five top tips for reducing your liability: