Using gift allowances to reduce IHT: Six tips on using gifts to reduce inheritance tax

As the old saying goes, it is better to give than to receive. But did you know that when you give your loved ones a gift you can also benefit as well as the person you’re giving to? It may come as a surprise, but when you make gifts as part of your overall inheritance tax planning, you can have the pleasure of giving, bring joy to your loved ones through your generosity, and even reduce your inheritance tax liability…

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