The former Chancellor of the Exchequer Nigel Lawson once said, 'inheritance tax is a voluntary tax – you can either do nothing and volunteer (for your beneficiaries) to pay it, or you can take steps to avoid it’. According to HM Revenue and Customs, inheritance tax (IHT) receipts hit £5.3bn in the year to November 2017, up from £4.7bn for the whole of 2016, as an increasing number of estates
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