Milsted Langdon on the Inheritance Tax Exemption Most Families Miss

No.20 member Milsted Langdon has published a timely reminder of one of Inheritance Tax's more overlooked reliefs: gifts made regularly from surplus income, rather than capital, can fall outside the taxable estate altogether under the long-standing normal-expenditure-out-of-income rules.

It is the sort of quietly valuable guidance families rarely hear about until it is too late to use it, delivered in the firm's usual plain, practical register. The full note is via the source link.