Inheritance Tax Allowances have been frozen until 2026. This short video takes a look at the impact this Government decision could have when it comes to estate planning and inheritance tax liability. A video transcript is provided further below, if you would prefer to read about it. [...]
Every year thousands of households in the UK will have to pay tax on their estate, so what’s the best way to avoid inheritance tax? If you’re administering an estate of someone who has died, how do you obtain probate? Is it possible to retrospectively minimise an estate’s tax liabilities? Inheritance Tax receipts reached [...]
What is the Residence Nil Rate Band and how do you apply the additional RNRB threshold? The Inheritance Tax Residence Nil Rate Band (RNRB) came into effect on 6 April 2017. It provides an additional nil rate band where an individual dies on or after 6 April 2017, owning a residence which they [...]
If you can afford to do so, making inheritance tax gifts e.g gifting money before death or passing on assets to family members or loved ones, can be an excellent way of ultimately paying less to the tax man. Whilst we are all free to do this whenever we want, this blog aims to [...]
Whether you have earned your wealth, inherited it or made shrewd investments, you will want to ensure that as little of it as possible ends up in the hands of HM Revenue & Customs. With careful planning and professional financial advice, you can learn how to avoid inheritance tax in the UK by taking [...]