Gifting your assets to your family can be one way to reduce your estate and limit a potential inheritance tax bill. However, the rules around gifting can be complex. In...
Following the 2024 Autumn Budget, several aspects of the way inheritance tax works were changed. These include extending the freeze on inheritance tax thresholds until 2030 as well as the...
Council tax is payable to your local council in England, Scotland and Wales and covers services such as household rubbish collection, policing and education. How much council tax you pay...
12 ways to avoid inheritance tax When you die you may want your estate to pass on to your children but having to pay inheritance tax (IHT) may reduce the...
Private pensions currently sit outside of your estate for inheritance tax (IHT) purposes but this is due to change in April 2027. Following an announcement by the Chancellor of the...
A Hargreaves Lansdown survey found that inheritance tax (IHT) is Britain's most hated tax with 1 in 4 people polled putting it at the top of their list. This is...
What is inheritance tax? Inheritance tax is levied on the value of the estate of a person when they die. The value of the estate will include property, investments, cash,...
Your property will usually be counted as part of your estate for inheritance tax purposes. Given that the average property in the UK currently is valued at £293,000 (based on...
Inheritance tax (IHT) is one of the most controversial taxes as it reduces the amount of money that can be passed on in the event of death, by as much...
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