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
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
Despite the Taxman’s efforts, it’s still possible to use your home for Inheritance Tax planning. One option is to use an equity release scheme. This can be in the form of a loan or a sale and lease
back. What are the pros and cons of each?
Published 29.11.2012
A recent health scare has prompted you to consider how to reduce the inheritance tax bill your beneficiaries might face if the worst happened to you. What gifts or transfers can you make to
immediately reduce IHT on your estate?
Published 08.03.2022
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 intend to retire soon and want to transfer some shares in your company to your adult children to give them extra income. Can you do this inheritance tax efficiently and in a way that will
minimise adverse effects on your business?
Published 10.12.2013
The usual advice is that potential inheritance tax (IHT) payable on gifts starts reducing (tapering) once three years have elapsed, and after seven the gift is IHT free. However, the three-year
deadline is often an illusion. Why?
Published 19.04.2023
The residence nil rate band (RNRB) can increase the amount of your estate that will escape inheritance tax. When can the RNRB apply and what steps can you take to ensure that your beneficiaries
benefit from the tax savings?
Published 06.10.2020
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