Give away business assets IHT free

25th November 2014

If you give away business assets to your family, tricky inheritance tax rules could land your estate with an unexpected bill from HMRC. What steps can you take to avoid this happening?

Tax-efficient family income benefit

25th November 2014

Life insurance can provide a tax-free lump sum for your family when you die. However, a family income benefit policy offers an alternative that has extra tax advantages. How do they work?

Is your company a family IHT shelter?

21st November 2013

If your elderly relations have cash or investments to spare and are worried about inheritance tax, how can your company help them avoid it and, at the same time, do you a favour?

Inheritance tax for teenagers

22nd October 2013

It might come as a surprise to you that IHT can apply to your children just as it can to you. When should you get involved with tax planning for your youngsters?

Retrospective IHT planning

25th September 2013

Beneficiaries can vary the terms of the will they are inheriting, but how can they ensure it’s done tax efficiently?

Tax breaks for tying the knot

20th June 2013

Saving tax by itself might not be a good reason to get hitched, but there’s no point in missing out when you do. What tax planning moves should you be discussing with your intended?

Transferring an IHT advantage

6th June 2013

Married couples can transfer their Inheritance Tax nil-rate bands (NRBs) between each other, but you’ll have to convince HMRC that you qualify. What proof does it require?

Make the most of your IHT nil-rate band

25th April 2013

Sometimes, the terms of a person's will don't meet the requirements of the beneficiaries. Fortunately, there's a way to rearrange these, provided it's done within two years of the date of death. It's achieved by a legal document called a deed of variation (DoV), which must be signed by the beneficiaries. It allows them to decide how the estate should be divided. So what are the benefits of using a DoV?

When can you discount a gift to save IHT?

12th April 2013

Discounted gift schemes can reduce the IHT your estate will have to pay and so increase the money going to your beneficiaries. But these schemes aren't suitable for everyone. How can you make sure they'll work for you?

When can you discount a gift to save IHT?

19th March 2013

Discounted gift schemes can reduce the IHT your estate will have to pay and so increase the money going to your beneficiaries. But these schemes aren't suitable for everyone. How can you make sure they'll work for you?

Inheritance Tax relief for badly performing shares

9th November 2012

The shares you're about to inherit from your parents are now worth less than when they died. The silver lining is that you might be able to get back some of the Inheritance Tax paid on their estate. How does this work?

Can the new 36% IHT rate boost your estate?

12th September 2012

The rules surrounding the new lower rate of Inheritance Tax (IHT) are not as straightforward as originally anticipated. However, it's not all bad news and some estates might gain an unexpected advantage. What is it?

Regular generosity can save tax

2nd August 2012

Inheritance Tax planning is all about reducing the value of your estate. The trouble is, transferring wealth to your family isn't a simple matter of making gifts as you'll usually have to wait seven years before they're exempt. But did you know some gifts, no matter how valuable, are exempt straightaway?

IHT relief for when property prices slump

28th June 2012

Selling a house as an executor of someone's estate in a falling market can lead you straight into a trap in the form over an over-the-top Inheritance Tax bill. What can you do to set the record straight and reduce the tax payable?

Dodging the IHT holiday home trap

8th May 2012

If you plan to avoid Inheritance Tax by giving your holiday home to the younger members of your family, but still intend to use it from time to time, the Taxman has anti-avoidance rules to foil this arrangement. How can you dodge these?

Renewing your IHT relief

3rd April 2012

Selling your business can lead to you losing out on IHT business property relief. What can you do to ensure this doesn't happen?

Gift schemes for dodging IHT

28th February 2012

You want to give away some assets to save Inheritance Tax but you can't afford to lose the income they generate. If you transfer the asset but continue receiving the income the Taxman will treat the assets as yours. Is there a scheme that will give you the best of both worlds?

Do nil-rate band trusts still offer tax breaks?

14th February 2012

Four years ago a major change to the IHT rules meant that nil-rate band trusts became unfashionable. So if your will includes one, should you change it to remove the trust or can it still produce tax savings?

Rent your holiday home for tax purposes

21st December 2011

You own a holiday home, worth around £250,000, which you use for several weeks per year. How can you continue to make use of the property but shift it out of your estate for Inheritance Tax purposes?

An IHT efficient gift of your holiday home

29th November 2011

It's nice to own a holiday home so you can take a break from the rat race when you want. But when your time comes the Taxman will charge Inheritance Tax (IHT) on what it's worth, which may leave your beneficiaries having to sell the property to pay his bill. The good news is that there's a simple way you can continue to use the property and avoid IHT.

How much of your pension fund will the Taxman get?

24th October 2011

You've built up a healthy pension fund and are looking forward to retirement. But if you don't survive long enough to make full use of it the Taxman can take a huge bite of what's left. What, if anything, can you do to mitigate this?

Avoiding IHT with QNUPS

23rd October 2011

A friend told you that he intends to invest a chunk of his assets in a qualifying non-resident pension scheme (QNUPS) because the funds in them are beyond the Taxman's reach. Is he right?

Give away business assets IHT free

Tax-efficient family income benefit

Is your company a family IHT shelter?

Inheritance tax for teenagers

Retrospective IHT planning

Tax breaks for tying the knot

Transferring an IHT advantage

Make the most of your IHT nil-rate band

When can you discount a gift to save IHT?

When can you discount a gift to save IHT?

Inheritance Tax relief for badly performing shares

Can the new 36% IHT rate boost your estate?

Regular generosity can save tax

IHT relief for when property prices slump

Dodging the IHT holiday home trap

Renewing your IHT relief

Gift schemes for dodging IHT

Do nil-rate band trusts still offer tax breaks?

Rent your holiday home for tax purposes

An IHT efficient gift of your holiday home

How much of your pension fund will the Taxman get?

Avoiding IHT with QNUPS

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