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...
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...
Inheritance tax earns the UK Government around £3.32 billion a year in revenue and this figure is set to increase. Part of the reason why the amount is so large...
As of the 6th April 2021 we move into the new 2021/22 tax year. Every year we see changes to thresholds and rates and this tax year is no different....
As of the 6th April 2020 we move into the new 2020/21 tax year. Every year we see changes to thresholds and rates and this tax year is no different....
On the 6th April 2019 we moved into the new 2019/2020 tax year. Every year we see changes to thresholds and rates and this tax year is no different. In...
Reader Question: How can I give money to my children without paying inheritance tax (IHT) Can I give cash to my family before I die without any comeback to my...
Throughout my career in financial planning I've always been struck by the lack of planning when it comes to passing money on to children and the next generation. There is...
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...
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