For a few years you’ve owned a seaside apartment as a holiday getaway. You’re now trying to reduce your estate to save inheritance tax. Can you keep the apartment for your use while shifting the
value out of your estate?
Published 30.09.2016
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 03.05.2023
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 19.11.2021
Making gifts, especially sizeable ones, usually reduces the potential Inheritance Tax bill on your estate as long as you survive seven years. But tricky rules can mean they won’t always achieve this.
What traps should you look out for?
Published 17.10.2012
You know that to save your beneficiaries from paying IHT it’s important to plan ahead. You can give away £3,000 every year without it creating a tax problem. But is there a way to give more and still
get one over the Taxman?
Published 04.12.2008
The press currently seem to be fixated on the rights and wrongs of inheritance tax (IHT). One of their latest claims is that older people can use a mortgage to make use of a “loophole” in the IHT
rules. Is this something you should consider?
Published 27.06.2023
In a recent case the Taxman argued that the use of a joint account makes a standard bit of Inheritance Tax planning invalid. What’s the problem with joint accounts and how can you legitimately avoid
it?
Published 18.01.2005
How do you reduce the value of an elderly taxpayer’s estate for Inheritance Tax (IHT) when the largest asset is their home? Converting it into an IHT-free asset without selling it is one solution.
How does this work?
Published 21.12.2006
In the process of sorting out his father’s estate, one of our subscribers was shocked to find the Taxman demanding both Capital Gains Tax (CGT) and Inheritance Tax (IHT) on the same assets. Why, and
can this trap be avoided?
Published 02.05.2012