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thisismoney.co.uk
Inheritance tax penalties soar as more families fall foul of the rules
Penalties can be levied by HMRC for late forms and payments, or undervaluing or hiding assets that are subject to inheritance tax. Here's what you need to know.
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How to Legally Avoid Inheritance Tax in the UK. Did you know… when you pass away, HMRC could take up to 40% of your estate? That’s almost half your life’s hard work — gone in tax. But here’s the truth — smart families don’t let that happen. Here’s how: 👉 Use Your Nil Rate Band Every UK resident gets £325,000 tax-free. And if you’re married — that doubles to £650,000! 👉 Residence Nil Rate Band Leave your main home to your children or grandchildren, and you can add another £175,000 per person —
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