Estates
Meeting an inheritance tax liability
Meeting an inheritance tax liability It is often quoted by the government that less than 4% of estates are subject to inheritance tax. However, this number is starting to increase year-on-year and is forecast to be over 7% by 2032-33. The increase in the number of estates subject to inheritance tax is due in part to the rapid growth in wealth of older people (the Silent Generation (1925-1945) and Baby Boomers (1946-1964)) and in part Read more…