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How To Pay The Inheritance Tax Bill

Money : Borrowing

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

Therefore if you don't have the money often substantial available you will actually need to sell assets just to pay the IHT... stupid but then that's how it goes.

Therefore it is worth ensuring that there is enough money to pay off any IHT after your death.

For instance therefore it may be worth getting a life policy that pays out on death, ideally to about the amount of IHT to ensure that there are not problems for relatives left after you've gone to cover the IHT bill.


By: Fred

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