BKL tax consultant and inheritance tax specialist Terry Jordan has contributed to Investors Chronicle’s article on how coronavirus has ‘left many people scrambling to make sure their financial affairs are in order, including their inheritance tax (IHT) liability’.
Terry Jordan, senior adviser at tax specialists BKL, says that some of his clients have assets worth under £2m, but when combined with the value of their property are worth over £2m. So by leaving a portion of the value of their house to children when the first of the couple dies, they can lock in the full value of the residence nil-rate band.
The full article is available here on the Investors Chronicle website.
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