In this instalment of Common Questions let’s talk about the Property Protection Trust (PPT) and the residence nil rate band (RNRB).
So far, we have explored how to potentially save up to £650,000 from being taxed, now I am going to explain where the remaining £350,000 comes from!
Inheritance Tax, a daunting pair of words for most people and often accompanied by worries of it being complicated...
For the purposes of this article we will look at the IHT charge payable on death which relates to the deceased’s estate.
There are three ways that woodlands can escape IHT. This article will look at some points on IHT to consider when dealing with woodland.
With the introduction of the Finance Act 2006 the possibility of using lifetime planning for saving inheritance tax was severely restricted using lifetime settlements.
This week’s post aims to give readers a refresher on Business Property Relief (BPR). It should be noticed that BPR is a large and complex area of tax, so what follows is only a brief overview of the area.
Spouses and civil partners are afforded certain benefits when it comes to succession law; benefiting from favourable inheritance rights on intestacy and quite generous inheritance tax exemptions.
Writing your Will can be a daunting process but it doesn't need to be. Here are some of the questions we are frequently asked and the answers we provide.
The report received a record amount of responses from a wide variety of people effected by IHT. Over 3000 responses made to an online survey, combined with a further 500 email responses and 100 written responses from experts responding to a call for evidence.
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