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
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
You want to reduce the potential inheritance tax (IHT) on your estate. A friend has suggested transferring ownership of your home to your children. HMRC says this won’t work if you still live in it.
If that’s correct is there a way to legitimately dodge the rule?
Published 28.07.2023
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 currently includes a few bequests to charities. When discussing it with your solicitor she said that increasing your donations could lower the inheritance tax (IHT) bill and so might leave
your beneficiaries better off. How does this work?
Published 04.05.2021
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
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
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
When you transfer ownership of your family company, as long as conditions are met, special tax breaks apply so that tax isn’t triggered. It’s vital your family understands these or the tax breaks can
be lost. What does it need to know?
Published 25.11.2014
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