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A smiling older couple sign papers with a man in a suit

Wealthy families ‘pay over £1bn in IHT on late gifts’, analysis shows

New figures obtained by financial advice firm NFU Mutual found more than 5,000 estates paid in excess of £1 billion in inheritance tax (IHT) on lifetime gifts in the tax years 2020- 2024. Families are increasingly gifting money or assets to loved ones to reduce their inheritance tax exposure, a trend that is likely to accelerate with the inclusion of

A smiling older couple sign papers with a man in a suit

Wealthy families ‘pay over £1bn in IHT on late gifts’, analysis shows

New figures obtained by financial advice firm NFU Mutual found more than 5,000 estates paid in excess of £1 billion in inheritance tax (IHT) on lifetime gifts in the tax years 2020- 2024. Families are increasingly gifting money or assets to loved ones to reduce their inheritance tax exposure, a trend that is likely to accelerate with the inclusion of

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