Yesterday’s budget and the documents released alongside it showed that the amount of money collected through inheritance tax will pass £5bn for this first time this year. HM Treasury predict that this figure will rise to £5.3bn in 2017/18 and will eventually increase to £6.5bn by 2022/23. This reinforces the importance of seeking specialist advise in relation to inheritance tax planning to ensure that you are making the most of the available tax reliefs.
Sophie Robinson is a Wills and Probate specialist at Newcastle law firm Sintons.
To speak to her about this or any other matter, contact Sophie on sophie.robinson@sintons.co.uk or 0191 226 7812.
