IHT and foreign property
If a permanent home (domicile) is in the UK then any foreign situated property owned at date of death will…
Practical guidance on Inheritance Tax, estate planning, gifts, exemptions and protecting wealth for future generations.
If a permanent home (domicile) is in the UK then any foreign situated property owned at date of death will…
Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable during a person’s…
Domicile is a general legal concept which in basic terms is taken to mean the country where you
There is an annual Inheritance Tax exemption of £3,000 for gifts. This exemption can also be carried forward to the…
Making gifts to charity can be an effective way to reduce the amount of inheritance tax (IHT) payable on your…
Most gifts made during a person's life are not subject to tax at the time of the gift. These lifetime…
The Inheritance Tax rules can be difficult to fathom when an expat or another person with connections to the UK…
There are special rules that must be considered when buying and selling assets in foreign currency. This is sometimes known…
Business Property Relief (BPR) is an attractive tax relief for taxpayers with business interests, offering either 50% or 100% relief…
New rules were introduced by the Government in 2015 that allow for the spouse or civil partner of a deceased…
The Inheritance Tax main residence nil-rate band (RNRB) came into effect on 6 April 2017. The RNRB is a transferable…
IHT may be payable when an individual's estate is worth more than the IHT nil rate band when they die.…
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