Section 105
Consisting of 278 sections and numerous other schedules, the Inheritance Tax Act 1984 does not entirely make for light reading and can often feel difficult to navigate.
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Consisting of 278 sections and numerous other schedules, the Inheritance Tax Act 1984 does not entirely make for light reading and can often feel difficult to navigate.
The Financial Times recently reported that the annual amount of inheritance tax (IHT) collected by HMRC has risen above £5 billion for the first time. This surprising news shows how important it is for people to take professional advice when drawing up their estate plans to ensure they reduce their IHT liability as much as possible.