Britain's high inheritance tax hinders growth

Partner John Toth in the Ashfords Trusts and Estates Team, discusses the inheritance tax threshold and some of the options accessible to minimise people's inheritance and tax liability in Spears Wealth Management.

This article covers the chartered accountants UHY Hacker Young's report which states after Ireland, the UK has the second highest rate of inheritance tax in the world. The article also explores the concept of assets and heirlooms not being able to be passed through generations due to rising inheritance tax bills.

This article was first published on 10th April 2014 and can be found online here.

Send us a message