In this episode, we are joined by Sarah Bowen, our Tax Director, as we focus on protecting assets from inheritance tax (IHT).
IHT is levied at a rate of 40 per cent of the total value on all estates valued at £325,000 or more. This £325,000 threshold is known as the ‘nil-rate band’ and, despite ever-rising wealth across the country, has remained frozen at this amount for several years.