Home Knowledge Hub Your guide to Inheritance Tax Guide Your guide to Inheritance Tax Financial planning, Tax and estate planning 3rd February 2021 Download now Reduce your exposure to IHT through forward planning. Inheritance Tax is charged on your estate (usually your property, money and possessions when you pass away). It currently stands at a staggering flat rate of 40% and can have a significant impact on your heirs. Having worked hard over the years you may find yourself in the fortunate position of owning a property, and holding both capital reserves and a portfolio of investments. After building up your estate and assets, it can be worrying to find that your beneficiaries may face a substantial Inheritance Tax (IHT) bill after your death. Yet it is possible to reduce your exposure to IHT. In fact you can and should view it as something of a ‘voluntary’ tax as its impact can be mitigated. Through a little forward planning, and by using relevant tax and investment solutions, it is possible to reduce IHT, or even remove it totally. If you have any questions about what you should do next, please get in touch. Important note Although the content of this page was correct at the time of writing, it has not been updated since. Therefore it shouldn’t be relied upon for accuracy, as it may have been subject to subsequent tax, legislative or event changes. Share Link copied