Why Nil Rate Band Trusts in Wills should be assessed. Till 2008 great deals of people made exactly what was called zero rate band count on their Wills. They were created to conserve inheritance tax. This is exactly how they worked: Inheritance tax (IHT) can be billed on presents of money or property throughout a person’s life time and when they pass away.
After death the rate of tax is 40%. There are some exemptions consisting of the following: – The ...Continue Reading →