Inheritance Tax Posts

Tax Return Checklist

It’s no secret that completing your taxes can be daunting. To make filing less painless, consider speaking to a trusted financial adviser and using a checklist to ensure you have every necessary document before the deadline rolls around. Do you need to register a self-assessment? HMRC requires that you file a self-assessment tax form if […]

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7 Questions to Ask Your Financial Planner about Inheritance Tax Planning

Prepping your affairs for a time when you are no longer around can be daunting, but it’s important that you know exactly what will happen to your assets for the sake of your, and your loved one’s, peace of mind. Inheritance tax can be a big question mark for your heirs, so it’s best to […]

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Get more from financial advice: 11 questions to ask

What to ask your financial advisor generally isn’t something learnt in school – it’s learnt through experience. However, you’ll want to ensure that when you do seek financial advice, you’re getting the most from it.

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June Market Update

The latest media obsession is the return of inflation in the US. Here in the UK, inflation has just breached the Bank of England’s target for the first time in two years.

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What Does Being a Trustee Mean? 

 Perhaps you have been asked to be a trustee or maybe you are considering setting up a trust yourself – in either case, there are a few things you should know before deciding. We have put together a handy guide to cover the basics. 

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Inheritance Tax: What is it and How Can it Affect You?

You may have heard of Inheritance Tax (IHT) but do you know whether or not you or your family will be affected by it? We have produced a simple guide to explain exactly what this tax entails and if it is relevant to you.

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Independent Review Calls for Inheritance Tax Revision

Inheritance Tax (or IHT) is the tax owed on the estate (the property, money and possessions) of a person who has died. You can find out more about who needs to pay this tax and how much it is here* but one of the most important facts about IHT is the seven-year rule.

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An Overview of the Autumn Budget 2017

On 22nd November, the Chancellor of the Exchequer, Philip Hammond, announced his 2017 Autumn Budget statement to the House of Commons. The release of the budget is usually greeted with a degree of trepidation as big institutions and individuals respond to the inevitable changes.

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How to Avoid Falling into the IHT Trap

There were changes to the Inheritance Tax nil-rate band in April 2017, but what are the changes, and what do they mean for consumers? 

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Almost Half of Total Passed-down Assets Taxed

Recent figures released from HM Revenues & Customs show that £5.8bn of the £11.7bn in assets passed down last year were subject to Inheritance Tax (IHT).

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