1. Spouse and civil partner exemptions
2. Annual exemption
3. Small gift exemption
4. Lifetime gifts exemption
5. Marriage or civil partnership gifts exemption
6. IHT-free bequests
7. Business owner exemptions
These are just 7 of the easiest and commonest ways you can use clever financial planning cut your IHT bill down to size.
Depending on your personal circumstances, you may be able to use a trust or trusts, wrapping assets and investments like an offshore investment bond inside, and further reduce your estate’s future liability.