Transact have produced an index to raise awareness of increasing inheritance tax liabilities. This is due to growing home ownership (without a mortgage) and the rising value of property and assets (pushing more people outside established thresholds).
The index helps us, as your financial adviser, to track potential liabilities in this ever changing world. Whilst no major changes were made to IHT or CGT (Capital Gains Tax) in this Spring’s budget – be prepared for the government to re assess one of its biggest earners!
For more information on the index – https://www.transact-online.co.uk/transact-iht-index/
Or if you have any concerns regarding this – call in to see us.
