Inheritance tax UK: You can add £175,000 to your estate’s IHT threshold – this is how
INHERITANCE tax is levied on estates that are valued over £325,000. The tax will be levied at 40 percent but it is only paid on the parts of the estate valued higher than the threshold. Daily Express :: Finance More...
Inheritance tax UK: Will IHT be due if you live abroad? Check if you have ‘excluded’ asset
INHERITANCE tax can be a complicated cost to manage and plan for. Generally, the tax is levied on large estates based in the UK but there are different rules for those who die abroad. Daily Express :: Finance Feed More...
Inheritance tax thresholds can be increased to £1million – this is how
INHERITANCE tax will only be levied on large estates of people who have died and are passing on their assets. There is a universal threshold in place but it can be increased by certain living arrangements. Daily More...
Inheritance tax: HMRC may check on estate valuations 20 years after payment – be warned
INHERITANCE tax is levied on the estates of people who have died and are handing assets over to beneficiaries so long as the estate is of a certain value. It is important to evaluate the size of an estate accurately More...
Inheritance tax suitability – MP insists ‘it is not quite as large an issue’ as thought
INHERITANCE tax is a controversial element of estate planning and its appropriateness is often debated. The tax was recently brought up in parliament and the response could be telling of how the government views More...
Inheritance Tax: You could legally ‘escape’ IHT – but there’s an important factor to note
INHERITANCE TAX is the tax on an estate of a person who has died. While Inheritance Tax won’t always need to be paid when a person dies, in certain cases it will – and some may want to look for ways More...
Inheritance Tax UK: Are changes ahead? IHT was raised to 80% to ‘help tackle public debt’
INHERITANCE TAX is often referred to as being Britain’s “most hated tax”. The rate currently stands at 40 percent, but could changes be made in the wake of the coronavirus crisis? Daily Express More...
Inheritance Tax UK: How you could utilise ‘one of the most effective ways to reduce IHT’
INHERITANCE TAX is something which is widely considered unpopular, with the standard Inheritance Tax in the UK being 40 percent. Daily Express :: Finance Feed More...
Inheritance Tax: How one specific rule could affect IHT bill before death
INHERITANCE TAX is payable on the estate of a deceased person above a particular threshold, but there are certain rules surrounding gifts to pay attention to. Daily Express :: Finance Feed More...
Inheritance Tax Calculator: Handy free tool that could slash your IHT bill
INHERITANCE tax is a tax levied on the estate of someone who has died and is passing on their assets. There is normally no IHT to pay on estates valued below £325,000, which is known as the nil rate band. Estates More...