Did you know that an astonishing £6 billion in inheritance tax was collected in the UK in the year 2021-2022? This staggering figure highlights the significant impact inheritance tax can have on families’ wealth when a loved one passes away. When the second parent in a married couple or civil partnership dies, their estate may […]
Did you know that the average Inheritance Tax (IHT) bill in the UK is a staggering £179,000? This eye-opening statistic highlights the significant impact that IHT can have on families and the importance of understanding the threshold and planning accordingly. In the UK, IHT is a tax levied on the estate (property, money, and possessions) […]