IIRC, until relatively recently, it was more or less trivial for large estates to avoid most inheritance tax - put the property in a trust, and pass on the interest in the profit generated rather than the property per se.
I think the recent changes have made it more difficult to completely avoid inheritance tax, but a proper trust setup will drastically reduce it.
I think the recent changes have made it more difficult to completely avoid inheritance tax, but a proper trust setup will drastically reduce it.