How To Avoid Inheritance Tax UK? Best Way To Reduce IHT
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Inheritance tax (IHT) is a UK tax on estate for people who passed away. The amount of your IHT will be taxed at the rate of 40% from the value of your estate. However, this tax will only be applied if your estate is valued above the tax-free threshold, £325,000. There are some ways on how you can reduce your IHT.
In this video, our CEO and Independent Financial Advisor, Dominic James Murray, explains everything you need to know about IHT and how you can reduce the taxation amount for your best interest.
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Key Points In This Video:
✅ Inheritance Tax
✅ The Importance of Understanding IHT
✅ The Role of an IFA in Reducing Your IHT
✅ 4 Ways to Reduce Your IHT
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Video Timestamp:
00:00 – Intro
00:16 – What Is Inheritance Tax?
01:52 – Reducing IHT: 1. Talking to a Regulated IFA
02:44 – Reducing IHT: 2. Inherit Assets to Your Family
03:06 – Reducing IHT: 3. Putting Your Assets Into a Trust
03:06 – Reducing IHT: 4. Discounted Gift Trust
04:26 – Reducing IHT: 5. Equity Release
06:06 – Outro
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How To Avoid Inheritance Tax UK? Best Way To Reduce IHT
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