Watch this short video for the facts about Inheritance Tax
With growing numbers of people finding they are facing Inheritance Tax (IHT) bills due to increasing house prices, understanding the rules is becoming a priority for many.
It is a deeply unpopular tax for many who feel it is unfair that property and possessions they have worked hard for cannot be passed to loved ones without being taxed.
IHT is complex but careful planning can reduce the amount of tax payable. It is always wise to take financial advice to reduce the liability which is passed on to loved ones.
Watch our short animated guide to Inheritance Tax and learn some of the main rules around liability and tax relief and how they might apply to you.