UK wealthy families accelerate asset transfers amid IHT rise speculation in October Budget.
Wealthy UK families are quickly giving away assets to avoid potential increases in Inheritance Tax (IHT) expected in the October Budget. Tax experts note a rise in requests for advice on wealth preservation strategies, including gifting to children. Concerns about changes to IHT relief have prompted some to consider relocating abroad. The "This is Money" podcast discusses strategies to reduce inheritance tax and other financial topics, emphasizing the need for updated tax allowances.
September 09, 2024
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