Some of the UK’s wealthiest estates pay an inheritance tax (IHT) rate of just 10% – a quarter of the official government rate, a study has found.
Estates worth £10m or more pay about half the rate of the merely very wealthy (£2 to £3m) by employing advisers who use a “kitbag” of tricks to avoid IHT.
Inheritance tax is only paid by those who have assets of more than £325,000 when they die, which was the top 4% in 2015-16.
