Life insurance and Inheritance Tax When assessing the potential inheritance tax liability on your death it makes sense to consider life insurance as a method of protecting your estate from inheritance...
The average Inheritance Tax (IHT) bill in the UK is a staggering £170,000, yet reducing your liability is often simple. Ironically most people don't even know their own potential IHT bill until...
Generally speaking we are free to dispose of our assets as we see fit when we die, however, the law does provide provision for people who have been financially dependant...
Inheritance tax is paid if a deceased's estate is worth over £325,000 at the time of death. The figure of £325,000 is known as the 'inheritance tax threshold'. Any amount above...
Cheapest way to update a will It is recommended that if you have written a will then you should review your will every 5 years. Reviewing a will makes sure...
Inheritance tax changes - Budget 2015 In the Emergency Budget 2015 George Osborne announced changes to the inheritance tax (IHT) rules including a new inheritance tax allowance taking effect from April...
Emergency Budget 2015 - Inheritance tax changes announced Changes to the inheritance tax (IHT) rules were announced in the Emergency Budget on July 8th 2015. There have been calls to...
How to avoid inheritance tax (IHT) Benjamin Franklin once penned the phrase 'Nothing is certain but death and taxes' and there is one tax that covers both these terms -...
Reader Question: What are the tax implications of a gift from my parents Hi Damien Love your podcast and website, question for you. I've been gifted some money from my...
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