How to Avoid Inheritance Tax
Inheritance tax has a 40% tax rate and applies to the estate that crosses the tax-free threshold. When a person dies, they want their estate to go to their spouse, children,…
Year-end Tax Planning and Inheritance Tax
Year-End Tax Planning and Inheritance Tax: What you should know?
You are entitled to give away an Inheritance Tax-free gift of £3000 annually. Such gifts are dubbed by HMRC as ‘exempted gifts’. If you have not used annual exemption in…
inheritance tax planning
Can you pass on your estate to your nieces without being charged inheritance tax?
You are in your late 60s or 70s and have no child. So, you have decided to pass on your entire state -- let’s suppose, worth around £2 million --…