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
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
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 few years ago your father made a gift of assets to you to reduce his estate for inheritance tax (IHT) purposes. He recently died and his solicitor says that you might have to pay tax on the gift.
If there’s any IHT shouldn’t the estate pay it?
Published 08.04.2021
As the 2010/11 tax year draws to a close you realise that now is the time to make use of your IHT annual exemption. But this will only chip away at the potentially massive IHT bill on your estate.
Can making a loan boost your tax saving?
Published 04.03.2011
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
In this year’s Budget the Chancellor announced a 10% reduction in the Inheritance Tax rate for those who leave money to charity in their will. But could you use this tax break to make your other
beneficiaries better off?
Published 31.05.2011
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 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
In April, the tax rates and rules changed in respect of money left in your pension fund when you die. This might leave your beneficiaries worse off. But could the new rules also offer a chance to
save tax?
Published 22.07.2011