Giving away the family home – beware the gifts with reservation rules
The family home is likely to be your most valuable asset. Consequently, when looking to reduce inheritance tax, it may…
Practical guidance on Inheritance Tax, estate planning, gifts, exemptions and protecting wealth for future generations.
The family home is likely to be your most valuable asset. Consequently, when looking to reduce inheritance tax, it may…
There are two nil rates bands for inheritance tax – the nil rate band of £325,000 and the Residence Nil…
Where inheritance tax is payable on an estate, it must normally be paid by the end of the sixth month…
New workplace rights to paid leave for bereaved parents came into effect on 6 April 2020. The new law has…
As long as certain conditions are met, it is possible to change a will after death. This is known as…
One way to reduce the amount that the taxman takes from an estate in inheritance tax is to make a…
If your total assets exceed £325,000 then the excess will usually be subject to Inheritance Tax (IHT) at 40% when…
As a general rule, Inheritance Tax (IHT) is collected from a person's estate when they die and can also be…
There is usually no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or…
We have previously covered the importance of making a Will and ensuring that assets are divided amongst beneficiaries in the…
The majority of gifts made during a person's life, including gifting away a home, are not subject to tax at…
We thought it would be useful to remind our readers of the IHT implications of making cash gifts this Christmas.…
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