This title offers important advice for the 4 out of 10 families facing IHT. A growing number of ordinary families every year are finding themselves at risk of death duties. As house prices continue to rise so do the number of estates liable for inheritance tax - by 2020 it could be as many as 4.6 millionproperties. But don't just put it out of mind, or sit and worry about it - there is a lot you can do to avoid paying this tax, so much in fact that it is often referred to as the voluntary tax. Why be caught in the trap? Lifetime money editor Maria Scott gives a complete, updated-for-2007 guide on how ordinary homeowners, savers and investors can deal with inheritance tax. Step-by-step guide shows how to work out if you are liable for IHT and which tax breaks are right for you and your family. It explains recent changes to the law, hidden tax traps and loopholes, how civil partnerships for same-sex couples allow assets to be passed on free of IHT, and latest details of the 2007 budget.
Author Biography
Robert Harvey has been a columnist for the Daily Telegraph, assistant editor of The Economist and an MP. He is the author of many books, including a highly popular biography of Lord Cochrane. He is a former member of the House of Commons Foreign Affairs Committee, was assistant editor of The Economist, and foreign affairs leader writer for the Daily Telegraph. His books include The Undefeated: The Rise, Fall and Rise of Modern Japan, Portugal: Birth of a Democracy, Liberators and Cochrane. Robert lives in Powys, Wales.
