Inheritance tax explained Inheritance tax (IHT) is paid if a deceased person's total estate and certain gifts are worth more than £325,000 when they die. This level of £325,000 is...
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...
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,...
This is a popular question and often causes confusion. So I thought I'd lay out a brief explanation of how inheritance tax (IHT) taper relief works. But first I suggest...
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...
What is inheritance tax and how does it work? In the UK there has been some form of inheritance tax (formerly known as death duty tax) as far back as...
Chancellor of the Exchequer Rachel Reeves announced several changes to inheritance tax during Labour's first Autumn Budget which took place on Wednesday 30th October. As part of the changes, inheritance...
In this independent Farewill review I look at the services they offer, how much Farewill costs, its pros and cons and how it compares to other similar services. I recommend...
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