Until October 2007 it was common for married couples to create a discretionary trust in their wills. These went out of fashion when the law changed to allow the transfer of the nil-rate band. Do they
still have a place in Inheritance Tax planning?
Published 05.05.2010
The inheritance tax residence nil rate band (RNRB) will be phased in from 6 April 2017. Its purpose is to reduce the tax payable by estates on or after that date, but a spouse’s earlier death might
still trigger a tax saving. When might this apply?
Published 24.11.2016
Inheritance Tax (IHT) was supposedly given a facelift by the Chancellor in his recent Pre-Budget Report. So what action, if any, do you need to take now?
Published 25.10.2007
April 2017 saw the introduction of a new IHT tax break. It’s aimed at those who own homes at the time of their death. Does this mean that you should hold on to your home to ensure that your estate
pays less IHT?
Published 16.05.2017
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 31.05.2022
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 mother recently died having spent the last couple of years in care. Last year you sold her home to help pay the nursing home fees. When preparing the inheritance tax forms are you entitled to
claim the residence nil rate band?
Published 06.07.2022
Most people have heard of the Inheritance Tax (IHT) seven-year rule, but few have heard of the 14-year rule, yet it could land your estate with a large IHT bill that leaves your beneficiaries out of
pocket. When can it apply?
Published 14.04.2010
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