Inheritance Tax Planning Handbook: 2021/2022

Inheritance Tax Planning From a UK Chartered Accountant and Chartered Tax Adviser.
May 2021 Edition.
Inheritance tax is a particularly nasty tax as it's a tax on your capital that you've accumulated from your after-tax earnings.
It applies at 40% on the value of your estate above the nil rate band (currently £325,000). It's not just the assets held at the date of your death that is included, but also assets gifted away (in some cases) up to 14 years before.
In this book, we look at some of the top ways you can legally reduce your inheritance tax liability.