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Avoiding Inheritance Tax - advice please

27 replies

suzywong · 07/04/2004 12:45

Hello
Can anyone direct me to a website that gives pointers on how to avoid Inheritance Tax please.

Maybe I should have put this in Parenting:
The time has come for my sister and I to have this discussion with our parents, and while they are not slow they do pretend not to know anything about finance. We feel that if we could provide them with some information for them to consider at their leisure we may be able to save the surviving parent a lot of worry in the event of ......well, you know.
(They are both hale and hearty, it's just that these things do need addressing at some point)

Any advice greatly appreciated

OP posts:
LIZS · 28/04/2004 16:19

You (or rather your beneficiaries)would only pay tax on any amount over 260k. I believe it passes between spouses without any liabilty anyway. PIL have set up some sort of trust too.

LadyMuck · 28/04/2004 16:30

miserlyzebra, that would work for the cash-rich, but the biggest headache at present for most people (at least in this area) is what to do with the house.

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