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Inheritance Tax - Some Potential Strategies

Unfortunately there are no easy solutions when it comes to the problem of removing or reducing an individual’s Inheritance Tax liability. Careful planning and consideration is needed to ensure that the consequences of any particular strategy are fully understood and acceptable to the person or persons undertaking the planning. Having said that, IHT reduction strategies generally fall into four categories: Gifting, Life Assurance, Business Reliefs, Trust planning and Will planning.