Comparing Gifting Strategies: When and How to Gift Assets to Minimise Inheritance Tax
Understanding Inheritance Tax in the UKInheritance Tax (IHT) is a significant consideration for anyone planning to pass on assets in the United Kingdom. The fundamental principle is straightforward: IHT is charged on the estate of someone who has died, including their property, possessions, and money. However, the rules, thresholds, and potential exemptions can be complex—making…