This in itself is true.
UK Revenue and Customs claim that more than 96% of people will not leave an estate large enough to qualify for Inheritance Tax. However the threshold of this tax, originally set up for the “super-rich”, has grown at such a slow rate that this tax will affect a larger number of families than was first thought.
The “threshold as of 6th April 2004 is
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Introduction
With the formal regulation of sales advice and general regulation of the Home Reversion Market set to be introduced in April 2007, this article discusses what they are and how using one can potentially reduce Inheritance Tax (IHT) liabilities.
Home Reversion Plans in Detail
Because big name providers favour lifetime mortgage products, Home Reversion Plans have been overlooked for a number of years, but comforted by new regulation and a tougher sales and advice regime many experts are expecting the market to grow in the next few years.
Lifetime mortgages, where homeowners release cash by taking out a loan on their home make up the lion’s share of the growing
Tags: Home reversion plans, HRP, iht, inheritance tax, loans, tax, tax managementHome reversion plans, HRP, iht, inheritance tax, loans, tax, tax managementShare This
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