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IHT warning from Canada Life

Increases in property prices means this year 33,000 estates will pay an average inheritance tax bill of £85,000, according to figures from Canada Life.

Canada Life technical support manager Jeremy Pearson says: “Many IFAs will have clients who are unaware of the threat that IHT poses to their family wealth. These statistics underline the necessity of estate planning. By taking independent financial advice people can identify their potential inheritance tax liability and identify effective tax solutions.”

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