17 Oct 2019 | Farming & agriculture, Inheritance tax
Anyone who has received an inheritance will be aware that the rules surrounding tax after death are complicated. In 2018, the Chancellor asked the Office for Tax Simplification (OTS) to review Inheritance Tax (IHT) legislation and to recommend improvements that could...25 Jul 2019 | Inheritance tax
Make a Will. Ensuring you understand your tax position is key to passing on as much of your estate to the next generation as possible but, if you don’t have a Will in place, it might not end up in the hands of those you want it to. Ensure you have a Will in place...17 Jul 2019 | Inheritance tax
The Office of Tax Simplification (OTS) has undertaken a detailed review of Inheritance Tax (IHT), which is perceived by many as a complicated tax. The government normally takes account of OTS recommendations and their report is likely to lead to future changes to the...15 May 2019 | Inheritance tax
Inheritance Tax is the most emotive of all the taxes. As a result of this, planning is often delayed and family discussions are put off. It can, therefore, be the most difficult tax to ensure families take the necessary time to plan for. As a tax advisor, this can be...09 Jan 2019 | Inheritance tax
Without appropriate provision, Inheritance Tax (IHT) could become payable on your taxable estate that you leave behind. Your taxable estate is made up of all the assets that you owned, the share of any assets that are jointly owned, and the share of any assets that...10 Sep 2018 | Farming & agriculture, Inheritance tax
Many Inheritance Tax (IHT) planning strategies involve making significant payments or property transfers, to reduce the taxable estate. A trust is often used to retain control over the ultimate destination of assets and timing of benefits. Another option is to use the...