Legal & General has launched a discounted gift scheme that will help people to avoid Inheritance Tax...
Legal & General has launched a discounted gift scheme that will help people to avoid Inheritance Tax (IHT).
The new scheme, available from IFAs from the end of last month, enables individuals to make a gift of capital, which would reduce their IHT liability while receiving regular payments from it.
Meuryn Iorwert, Legal & General's bonds director, said there is a growing market for these types of products. "House price inflation over the past decade has increased the number of people whose estates are caught in the IHT net and we expect this trend to continue," he added.
