Bolstered by the rapid house price rises in the UK, HM Revenue & Customs revealed it collected £700m more in inheritance tax receipts in compared to the previous financial year. Between April 2021 and March 2022, it collected an eye-watering £6.1bn in IHT.

With rising property prices and both the residence nil rate band and nil rate band frozen until April 2026, inheritance tax planning has never been so vital.

Existing in the UK since the 1700’s, IHT planning has again come into prominence following Rishi Sunak’s decision to freeze the lifetime exemption in March 2021’s Budget.

A recent study found that 4 in 10 Brits are concerned about paying Inheritance Tax, yet 74% are yet to do anything about it.

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Download our free UK Inheritance Tax e-guide to learn:

• The different tax allowances you can benefit from
• If your estate will exceed the Nil Rate IHT Band
• How you can legally mitigate your IHT liability
• How and who you can gift your assets to free of tax
• The importance of having a valid Will
• How using Trusts can help you reduce your exposure to IHT on your property

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Why Choose Skybound?

Often with IHT planning, the focus is so heavily on providing for your loved ones after you die, but this doesn’t have to be to your detriment either today or throughout your life. At Skybound we work with you to develop a holistic wealth planning strategy that protects your wealth whilst achieving the best return on your investments.

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