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Tax

Income Tax, Tax Mitigation, Capital Gains Tax, Tax

7 tips for completing your self-assessment tax return 2023/24

By Andy Leeks
9 min Read 18 Dec 2024
Around 26,000 people filed their tax return during the three-day festive period last year, with more than 12,000 choosing Boxing...

Inheritance Tax, Tax

Inheritance tax explained

By Liam Fahy
3 min Read 14 Nov 2024
Inheritance tax explained Inheritance tax (IHT) is paid if a deceased person's total estate and certain gifts are worth more...

Inheritance Tax, Tax

Inheritance tax (IHT) taper relief on gifts explained

By Damien Fahy
4 min Read 14 Nov 2024
This is a popular question and often causes confusion. So I thought I'd lay out a brief explanation of how...

Tax Mitigation, Inheritance Tax, Tax, Ask Damien

Reader Q: My estate is £60,000 below the Inheritance tax (IHT) threshold after recent gifts - when will IHT become an issue?

By Damien Fahy
2 min Read 11 Oct 2011
Reader Question: What are the inheritance tax rules if I give money away to my children? I am intending to give my children £20,000 each when I downsize. This will leave my current estate £60,000 under the inheritance tax threshold. At what stage will this become a problem? I am 74....

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