Inheritance Tax is calculated based on the value of an individual's assets accumulated during their lifetime. Any assets valued over and above the threshold set by the Government are liable to tax at 40%.
Whilst the Government has recently made some changes to Inheritance Tax thresholds, it is important to seek individual advice on the implications of these changes. Cameron James Legal provides clear advice on this complex issue, taking into account each client's personal and financial circumstances, with a view to minimising and potentially eliminating inheritance tax liability.
Solutions to limit exposure to future long term care fees can also be provided.