The 3 only ways to avoid Inheritance Tax | Bluebond Tax Planning

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The following is a brief overview of The 3 only ways to avoid Inheritance Tax but the video obviously has more detail as to the reasons why the steps are important

Three main ways to avoid inheritance tax

There are three main ways to avoid inheritance tax and all inheritance tax planning falls under these three main areas.

The first is using your allowances and exemptions for inheritance tax.
1. Using the Nil rate band of £325,000
2. The residential Nil rate band of £175,000.
3. You can give away £3000 pounds per year.
4. You can utilise the small gifts allowance

The second main way is making gifts from your estate to avoid Inheritance tax
1. You can make a direct gift of an unlimited amount, which is classified as a potentially exempt transfer or PET.
2. You can make gifts to trust, which are classed as chargeable lifetime transfers. You need to be careful because there are different types of trusts, which are suitable for different needs. The video explains points you need to take care of.

The third way is to buy exempt assets form inheritance tax
The video explains what these are and how they work.

The main exemption is Business Property relief and we explain how this works for Inheritance tax
There are also other mechanisms which avoid inheritance tax which are also explained in full including the risks they carry.

Join our free Saturday webinar to learn how to solve your inheritance tax problem: https://www.bluebond.co.uk/webinar-pa...

Watch More: Top 10 Free Ways to Avoid Inheritance Tax    • Top 10 free ways to avoid Inheritance...  

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