Getting to grips with the Nil Rate Band for Inheritance Tax
Inheritance Tax (IHT) is one of the most controversial taxes and it’s one that can lead to much confusion. If you’re planning how you’ll pass your wealth on to loved ones, IHT can be difficult…
How to minimise Inheritance Tax paid on your home
Inheritance Tax has hit a record high and with property prices soaring, now is the time to think about how to minimise the bill your loved ones will be left with. Talking about what will…
The tax man received over £5 billion last year, don’t leave him an inheritance
Would you prefer the money you leave behind to go to your loved ones, or the tax man? Last year, over £5 billion was taken from people’s estates in Inheritance Tax (IHT) and this year,…
Families to pay an extra £900m Inheritance Tax by 2022
The Office for Budget Responsibility (OBR) has revealed figures which show that the estimated Inheritance Tax (IHT) payable on estates over the next five years is due to rise by almost £1 billion; from £32.4…
The overlooked way of reducing your Inheritance Tax (IHT) bill
Large gifts are a long-established method of reducing Inheritance Tax (IHT). However, not everyone can afford to, or wants to, give lump sums of money away. When given, large gifts are Potentially Exempt Transfers (PETs), which means…
Should you give money away to reduce your Inheritance Tax (IHT) bill?
Inheritance Tax (IHT) is a controversial issue which leaves many people wondering how they can reduce the amount that will be lost to the government when they die. The good news is that IHT only…
