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How to pay the inheritance tax bill



How to pay the inheritance tax bill

Money: Loan

This is in borrowing because you have to pay the IHT bill before the money is released!

So if you don't have the money often available, you will actually have to sell assets just to pay IHT … stupid but that's how it works.

Therefore, it is worth making sure that there is enough money to pay out all IHT after your death.

For example, it may be worthwhile to have a life insurance policy that pays out at death, ideally to about the amount of IHT to ensure that there are no problems for relatives after you have covered the IHT bill.

By: Fred

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