With inheritance tax (IHT) receipts forecast to reach a record high of £4.6bn in the 2015/16 tax year, it's no wonder that more and more families are seeking advice on how to mitigate IHT in order to secure the financial future of their beneficiaries. According to figures published by the ONS, IHT receipts have risen 21% from £3.8bn in the previous year.
IHT can be mitigated by forward planning and our Beavis Morgan tax experts are available to guide you and advise you on the available strategies. If you would like to know more, please contact Barrie Dunning or your usual Beavis Morgan Partner.