Inheritance Tax
Inheritance Tax - now affects millions of people - and not just the super-rich. Rising house prices and increased personal wealth mean that many of us now have assets in excess of the modest threshold.
Did you know that in the event of your death:
- Inheritance tax is payable at a rate of up to 40%
- Assets in excess of £325,000 could be liable to Inheritance Tax (2010/11)
- Giving away your assets before you die may not avoid Inheritance Tax
- Gifting your house while still living there will not avoid an IHT charge
- The Government collected £3.9 billion in the tax year 2007/08 in Inheritance Tax*
*Source Halifax Bank of Scotland
Despite the fact that Inheritance Tax is payable on death, it is viewed by many as a voluntary tax. With clever financial planning and an effective Will your Inheritance Tax liability can be legally reduced or even avoided altogether.
Gemini advisers are able to help reduce or in some cases eliminate your IHT liability.
For more information on Inheritance Tax Planning, call us FREE on 0800 255 0123 or [click here] for one of our advisers to contact you.


