Inheritance tax planning

After the local elections on 4 May, we can expect the political campaigning for the general election to move up a gear.

In that run up, the Labour party has indicated that it will lower the inheritance tax threshold from £850,000 to £425,000. Whether or not the next government changes the threshold, up or down, the potential impact should be a consideration for every taxpayer’s inheritance tax planning. With that planning, the opportunities to minimise inheritance tax can be significant.

The experts at Beavis Morgan are well equipped to advise on all aspects of taxation. If you would like to know more, please contact Alan Ford or your usual Beavis Morgan partner.