The rules that determine what happens to your estate if you die without a will can have serious knock-on effects for Inheritance Tax (IHT) purposes. What steps should you take now to avoid IHT
problems later?
Published 29.03.2010
Inheritance Tax (IHT) was supposedly given a facelift by the Chancellor in his recent Pre-Budget Report. So what action, if any, do you need to take now?
Published 25.10.2007
The rules surrounding the new lower rate of Inheritance Tax (IHT) are not as straightforward as originally anticipated. However, it’s not all bad news and some estates might gain an unexpected
advantage. What is it?
Published 06.09.2012
Most people have heard of the Inheritance Tax (IHT) seven-year rule, but few have heard of the 14-year rule, yet it could land your estate with a large IHT bill that leaves your beneficiaries out of
pocket. When can it apply?
Published 14.04.2010
HMRC keeps a close watch on the deadline for transferring the inheritance tax nil rate band. The trouble is, as one of our subscribers discovered, it doesn’t seem to understand how the deadline
applies. What’s the full story?
Published 22.01.2016
The inheritance tax residence nil rate band (RNRB) will be phased in from 6 April 2017. Its purpose is to reduce the tax payable by estates on or after that date, but a spouse’s earlier death might
still trigger a tax saving. When might this apply?
Published 24.11.2016
April 2017 saw the introduction of a new IHT tax break. It’s aimed at those who own homes at the time of their death. Does this mean that you should hold on to your home to ensure that your estate
pays less IHT?
Published 16.05.2017
Until October 2007 it was common for married couples to create a discretionary trust in their wills. These went out of fashion when the law changed to allow the transfer of the nil-rate band. Do they
still have a place in Inheritance Tax planning?
Published 05.05.2010
You mother recently died having spent the last couple of years in care. Last year you sold her home to help pay the nursing home fees. When preparing the inheritance tax forms are you entitled to
claim the residence nil rate band?
Published 06.07.2022
The residence nil rate band (RNRB) can increase the amount of your estate that will escape inheritance tax. When can the RNRB apply and what steps can you take to ensure that your beneficiaries
benefit from the tax savings?
Published 06.10.2020