You plan to save Inheritance Tax (IHT) by giving your holiday home to your children but you still want to use it sometimes. You’ve been advised that if you do, the Taxman will still treat it as
yours. Is there a cunning plan to foil him?
Published 20.11.2008
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
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
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
It’s been reported that Sir Bruce Forsyth’s will left all his estate to his wife to dodge inheritance tax (IHT) on its £17 million worth. On the assumption he had access to the best tax advice,
should you be following his example?
Published 18.09.2017
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
If you own a valuable investment property, can you shelter this from Inheritance Tax (IHT) but still keep the rents? We take a look at an old planning strategy that still has life in it. Could this
work for you?
Published 15.05.2007
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
Paying for the welfare and education of your children is expensive. However, until you spend the money it stays part of your estate for IHT purposes. Is there a more IHT-efficient alternative to
provide funding?
Published 19.05.2016