Accounting Journal

Accounting Journal

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Accounting Journal
Making use of your inheritance tax allowances

Making use of your inheritance tax allowances

Asif Patel's avatar
Asif Patel
Jun 22, 2024
∙ Paid

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Accounting Journal
Accounting Journal
Making use of your inheritance tax allowances
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You might have heard that inheritance tax (IHT) is something you can avoid if you give away enough assets at least seven years before you die. But since we can't predict our own passing and still need money to live, this isn't always practical. Thankfully, there are various IHT allowances and exemptions that let you make gifts during your lifetime witho…

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