Prime Minister David Cameron’s tax affairs have been in the headlines a great deal recently, including news that his mother transferred £200,000 to him in order to avoid paying Inheritance Tax (IHT) in future.
Now, not everyone has that kind of cash to throw around, but the IHT threshold is set at £325,000 for an individual and, with ever-rising property values, could more people start to be affected?
Are there some prudent steps you can take to ensure your assets do transfer fully to your loved ones on death?
The answer depends very much on your personal circumstances, as the following article explains.
