Tess Daly, the host of ‘Strictly Come Dancing’ has attacked Britain’s disgraceful and insulting inheritance tax laws. In a recent magazine article she states that in effect Inheritance Tax is triple taxation. Tax is paid on earnings, Stamp duty is paid on Property purchase and then Inheritance Tax is paid on any of those you leave on death. ‘I want to see death duties at 40% scrapped says Tess who lost her father in 2003.
The answer is to plan well before death to protect your assets says David Dexter of Lincoln Wills. Inheritance tax can be a voluntary tax paid only by those who take no action to avoid it legally. Spousal by-pass Trusts. Property Protection Wills, Lifetime Property Protection Trusts can all play a part in minimising Inheritance Tax liabilities.
Seek advice now before the inevitable occurs