Britain has one of the highest rates of inheritance tax in the world. Whilst many countries are abolishing death duties, there is little prospect of the UK following suit.
The Office for Budget Responsibility expects the tax collected to increase by 30% by 2021/22 so this is an important source of funds for the Government.
Careful planning can cut your inheritance tax bill dramatically and the earlier you start planning the better. We work with many clients to plan their affairs so that they can pass on the maximum benefit to future generations.
As Trump looks to axe death duties, where does Britain stand in the inheritance tax league?