Following the announcement of the new Budget, there have been concerns surrounding the impact of relief changes on inheritance tax (IHT). However, experts advise that there are still IHT strategies that can be utilised.
In an article for FT Adviser, partner Judith Millar outlines how gifting is still a way to transfer assets free of IHT.
The key message for business owners is to take appropriate advice on their planning, use the 100 per cent relief while it is still available, and consider the use of gifts to achieve their objectives while the current gifting rules remain in place.
The full article can be read on the FT Adviser website.
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