Inheritance

We are worth just over £1m, will our family face inheritance tax?

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My husband and I are in our early 60s and have recently retired. We have paid off the mortgage on our home, which we think is worth around £600,000.  Our other assets (mainly investments) are worth around £500,000, including a £100,000 investment, which we made recently, having been told it would be free of inheritance … Read more

Inheritance tax ‘loophole’ could be closed in Chancellor Rishi Sunak’s Budget 

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Inheritance tax ‘loophole’ that allows wealthy families to avoid levy by investing in farmland could be closed in Chancellor Rishi Sunak’s Budget Currently people can invest in assets and their children don’t pay inheritance tax The rules exist to allow family-owned businesses or farms to be passed on However, some critics say this is simply … Read more