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| Name | The 3 only ways to avoid Inheritance Tax | Bluebond Tax Planning |
| Video Uploader | Video From Inheritance Tax Planning with Bluebond |
| Upload Date | This Video Uploaded At 20-04-2020 10:43:37 |
| Video Discription | If you have any questions on inheritance tax please use the comments section below or visit our website at https://www.bluebond.co.uk If you learned something from this video please just take a second to press the “like” button. This would be greatly appreciated. Thanks in advance - Charles. Should you prefer to read the content of this video, please visit https://www.bluebond.co.uk/the-3-only-ways-to-avoid-inheritance-tax/ 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-page/lp1 Watch More: Top 10 Free Ways to Avoid Inheritance Tax https://www.youtube.com/watch?v=Y865LbDHX2k&t=2s #InheritanceTaxPlanning #AvoidInheritanceTax |
| Category | Education |
| Tags | inheritance tax | estate planning | retirement | wealth management | IHT tax | inheritance | inheritance tax explained | inheritance tax uk | IHT 40% | £325000 lifetime allowance | gift iht | hmrc self assessment capital allowances | HMRC IHT | 40% IHT | residence nil rate band | residence nil rate band explained | IHT 7 year rule | Gift with reservation | avoid inheritance tax | inheritance tax planning | avoiding inheritance tax | passing gifts to children | business property relief | tax advice |
