Jul 26 2007
Experts at Bradford & Bingley have urged British consumers to get appropriate advice to help them understand how they might be impacted by inheritance tax.
The issue could be particularly important for those people who own their own home and whose other assets might take their estate above the £300,000 threshold beyond which inheritance tax can be a cause for concern, the financial services firm suggests.
Bradford & Bingley has now launched its own guide to handling inheritance tax, warning that as house prices continue to increase there are likely to be more and more consumers who could be affected by the issue.
Andrew Stead, head of wealth at Bradford & Bingley, said: "Planning what will happen to your estate sounds like a depressing thought, but what is even more depressing is the amount of tax your estate could be subject to if you don't start planning now.
"We hope our guide helps people start planning that process, allowing them to divide their estate as they see fit, by not including the tax man."
Bradford & Bingley has been established in the UK for over 150 years and currently offers child savings accounts, as well as tax-free individual savings accounts.
