Inheritance Tax (IHT), probably the most punitive of taxes, is levied after we have died and it is no longer just a tax on the super rich so you cannot simply ignore it. It is a tax on the value of your whole estate (which can even include assets you may have given away during your lifetime), after the zero tax band allowance.

In the 08/09 tax year this is 40% on everything over £312,000 so you cannot afford to overlook it either. This limit is constantly under review and concessions are in place to transfer any unused allowance between husband and wife which effectively will double the allowance to £600,000.

More and more medical professionals and their families are getting caught up in the IHT trap, especially as property values continue to climb. Previously it has raised billions of pounds for the Treasury and the only saving grace is that you can reduce or entirely eliminate your IHT liability with the mitigation strategies that currently exist.

Your Premier Medical UK consultant will be able to help, advice and guide you as to how to do this most effectively. We will create solutions and implement strategies that ensure that the tax man does not take a significant slice of your hard earned assets. It is never too early to plan for the inevitable so ring on 0845-6756749 or clicking here now to discover what can be done.