Most IHT pain isn’t caused by ‘loopholes’ the rich use — it’s caused by everyday misunderstandings. In this video I debunk the most common myths I hear.
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0:00 intro
0:48 We’re not married, but everything will pass to my partner tax-free
1:32 ISAs are IHT-free
3:01 We’ll automatically get the Residence Nil-Rate Band.
4:35 Putting the house in someone else’s name removes it from your estate
5:35 Gifts out of income don’t need paperwork
6:24 We can wait to pay IHT until the house sells
7:07 Trusts are a simple way to eliminate IHT
Credit to : Dianne Sullivan