ISA Millionaires Can AVOID Inheritance Tax! Here's How...

Inheritance Tax (IHT) is known as Britain's most hated tax. Here I explain how you could completely AVOID IHT on your Stocks and Shares ISA!

It's a common misconception that because ISAs are free of income tax, capital gains tax and dividend tax, that they will be exempt from inheritance tax too - that's not the case!

You don't have to be an ISA millionaire to be affected by IHT these days; any reasonable amount of money saved in ISAs when added to your other assets could give you an inheritance tax problem.

Many people think they can avoid inheritance tax by giving assets away before they die, but frequently they'll be caught by the 7 YEAR RULE.

That means that any gifts you make still form part of your estate for 7 years after you make them, and UK inheritance tax could be charged on those gifts if you died.

There are many strategies available to reduce or avoid inheritance tax, and estate planning is esential for more and more people these days due to increasing property wealth.

One strategy that could allow your stocks and shares ISAs to be free from this tax though is by utilising investments that qualify for Business Relief, previously called Business Property Relief.

There are specialist alternative investments, which carry HIGHER RISK than other types of investments, offered by a number of leading companies in the UK, that could give you access to this relief on your ISA holdings.

Qualifying for the tax relief would ensure that your holdings are exempt from inheritance tax (IHT) if held for more than 2 years.

If you would like to know how to reduce inheritance tax, it would be advisable to speak to an estate tax planning expert.

But, whether you are an ISA millionaire now or you are planning on becoming an ISA millionaire in future, being aware of how to avoid inheritance tax when that time comes is essential.
DISCLAIMER:

The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must throughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek individual advice from a professional adviser.

For regular tips on how to build tax free growth and income, visit and subscribe to my blog... it's FREE and there is exclusive content for members:

https://www.virtualfinancialclinic.co.uk

FOLLOW ME ON SOCIALS:

Insta: https://www.instagram.com/chris.bourne.121
FB: https://www.facebook.com/ChrisBourneLifestyleFinancialPlanner
Twitter: https://twitter.com/chrisbourne121
LinkedIn: https://www.linkedin.com/in/chris-bourne-vfc

TIMESTAMPS

0:00 Start
1:15 Introduction to Inheritance Tax
2:26 How Does IHT Work?
4:38 Common IHT Misconceptions
6:28 How IHT Can Be Avoided - Business Relief
9:07 AIM Portfolios for Stocks and Shares ISAs
9:50 Providers of AIM Business Relief Portfolios for IHT
10:36 Performance of an AIM Inheritance Tax Portfolio
11:39 Use of AIM Inheritance Tax Portfolios with Trusts

Видео ISA Millionaires Can AVOID Inheritance Tax! Here's How... канала Chris Bourne - Tax Free Investing Expert