Drawing up a will is a sensible step to look after your spouse and children’s financial wellbeing after you’ve gone. But at the same time you’ll want to avoid handing over a large chunk of your
wealth to the Taxman. Can a will trust help?
Published 13.10.2010
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
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
Gifts usually play a major part in planning estates for inheritance tax (IHT) efficiency. Giving away cash and other assets is the easiest way to achieve this, but there’s a right and a wrong way to
do it. How can you avoid getting it wrong?
Published 29.05.2018
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 this won’t always be achieved.
What traps should you look out for?
Published 20.04.2017
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
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 rules that determine what happens to your estate if you die without a will can have serious knock-on effects for Inheritance Tax (IHT) purposes. What steps should you take now to avoid IHT
problems later?
Published 29.03.2010
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