Managing Your Money 

Investing in Aim stocks can mitigate inheritance tax

Investing in Aim stocks can mitigate inheritance tax

The coffers at HM Revenue & Customs (HMRC) are becoming fuller as the amount of inheritance tax (IHT) paid by UK residents continues to grow. Figures from the government showed over £5bn was paid in the past financial year, 8 per cent higher than 2016-.17 and a record figure for that kind of tax. Much of the increase can be explained by rising house prices and a stagnant rate of relief on IHT meaning that this kind of tax is becoming a concern for increasing numbers of people.

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