Doesn’t everything pass tax-free to your spouse when you die? If so, making a will won’t make any difference to your estate. However, there is a hidden tax charge than can be avoided by using a will.
What’s involved?
Published 25.04.2007
As the 2008/9 tax year ends soon you should be thinking about Inheritance Tax planning. If you don’t take action, more of your wealth could disappear in tax. Here are our top five tips to stop the
Taxman grabbing your cash.
Published 25.03.2009
It goes without saying that every business owner should make a will. When doing so you must nominate at least one executor to administer your estate. But who should you select to carry out this
all-important role?
Published 04.03.2015
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
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
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
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 father left the whole of his estate, mainly consisting of his share in their home, to your mother in his will. As a result there will be a big inheritance tax bill waiting when she dies. What
steps can you take to reduce it?
Published 26.11.2021
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
As a director, a large part of your estate might rest in the value of your company shares. And when drawing up your will it might seem the obvious thing to leave these to your spouse, but will this
play straight into the Taxman’s hands?
Published 24.11.2010