No one wants loved ones to get lumped with a hefty inheritance tax bill unnecessarily, but more people’s estates are being dragged into its net.
Luckily there are many legal ways to dodge the dreaded 40 per cent ‘death tax’ if you want to pass on the maximum sum possible and are prepared to plan ahead.
The Conservatives are reportedly considering abolishing inheritance tax in the Budget on 6 March, or promising to do so in their next election manifesto