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Inheritance Tax Planning
No longer a tax for the wealthy, the nil rate threshold is now barely sufficient to cover the value of an average home, thus exposing the balance of the capital in your estate to 40% taxation.
Thus anyone owning their own home should consider taking further advice on this matter.
There are various reliefs available that can mitigate exposure - these cannot be backdated, so planning should be undertaken now!
Back to Taxation.
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