The Inheritance Tax (IHT) nil rate band remains frozen, bringing more estates into the Taxman’s grasp. Meanwhile, house prices are edging up again increasing the potential IHT bill for many. What
steps can you take to avoid this trap?
Published 18.03.2011
Our subscriber is considering investing in an off-the-shelf scheme to reduce the potential inheritance tax (IHT) bill on his estate. While such schemes can be effective they are expensive. What
factors should our subscriber consider before investing?
Published 02.02.2023
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
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
The pre-owned assets rule was introduced to counter inheritance tax (IHT) avoidance schemes. The unusual nature of this IHT rule creates an opportunity for income tax savings. How can you take
advantage of it?
Published 20.04.2022
Your parents have received conflicting advice about reducing their potential inheritance tax (IHT) liability by making gifts. One view is that they need to survive at least three years from when a
gift is made to save IHT. The other advice says they must survive seven. Which view is correct?
Published 19.10.2022
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 03.05.2023
It’s a classic dilemma. How can you give away your capital to avoid Inheritance Tax, but ensure that it isn’t frittered away? Here’s one way to do this without the use of a trust.
Published 25.05.2006
A director shareholder is retiring and his company is being liquidated. He’s suggested to the other shareholders (family members) that the proceeds are used to buy a holiday home they can all use.
What’s the inheritance tax (IHT) position?
Published 05.02.2019
Lending money to family is Inheritance Tax (IHT) neutral. But if you decide to write off all or part of the loan, you must do it by the book or face a potential tax trap. What’s the problem and how
is it solved?
Published 11.06.2013