When dealing with a bereavement, tax is not normally at the top of a family’s concerns, and Inheritance Tax is certainly one of the most complex taxes that affects most people. However, Personal Advice expert Charlotte Ledson stresses it is important to make sure that Inheritance Tax matters are dealt with properly, no matter how complex they are.
Recent data indicate that in the last year HM Revenue and Customs (HMRC) began tax investigations into more than five thousand estates on which Inheritance Tax was payable – nearly a quarter of all such estates.
A tax enquiry can be extremely unpleasant as HMRC are not known for their tact or soft touch in such matters.
For advice on how to make sure your Inheritance Tax liability is kept to a minimum and your return complies with tax law, contact Charlotte on 01254 29 86 74, or complete our online enquiry form and one of our experts will contact you at the earliest opportunity.