Soon to be introduced changes in the law mean that when you die your partner may be financially better off. But does it necessarily follow that there’s now no need to make a will?
Published 28.01.2009
A recent case has highlighted the potential cost of Inheritance Tax (IHT). What can you do to avoid this tax on the shares in your company?
Published 18.06.2008
The usual advice is that potential inheritance tax (IHT) payable on gifts starts reducing (tapering) once three years have elapsed, and after seven the gift is IHT free. However, the three-year
deadline is often an illusion. Why?
Published 27.06.2023
15 years ago the inheritance tax nil rate band was made transferable. This doubled the tax-free amount for many estates. With a little planning some estates could do even better. Might yours be
one of these?
Published 14.06.2022
The mother of one of our subscribers owns a house in a retirement community. When she dies the property must be sold back to the property management company. Will this mean the estate will lose the
residence nil rate band (RNRB)?
Published 29.11.2023
On 1 October 2014 intestacy laws - which are the rules that apply when a person dies without leaving a will - underwent some major changes. They affect anybody who has assets exceeding £250,000. What
do you need to know?
Published 28.10.2014
From 6 April 2017 you’ll have a higher inheritance tax (IHT) allowance if you own residential property which is left to a direct descendant. How much is this new allowance and who is considered to be
a direct descendant?
Published 02.02.2017
Your will has been drafted in a tax-efficient way, but what if your relatives haven’t done the same and landed you with a big tax bill? You’ve heard that a deed of variation could save the day. What
are they and how do they work?
Published 09.04.2008
Life insurance has various uses. For example, you may have a policy to cover Inheritance Tax (IHT) so that your beneficiaries won’t need to break up the family company. But as IHT rules have changed,
should you review your policy?
Published 03.03.2010
In 2013 new rules were introduced to curb inheritance tax (IHT) avoidance. The trouble is they can also reduce the amount of business property relief (BPR) that director shareholders are entitled to.
How can you avoid the problem?
Published 13.10.2014