https://www.thetimes.com/business-money/money/article/gifts-inheritance-tax-advice-experts-tips-8nxxhjjmd … [Read more...] about How can I make gifts to my children to reduce inheritance tax?
Understanding UK inheritance tax
Understanding Inheritance Tax in the UK Inheritance tax (IHT) in the United Kingdom serves as a tax levied on the estate of a deceased individual before the distribution of their assets to beneficiaries. The primary aim of this legislation is to generate revenue for public services, ensuring that wealth is shared fairly. Currently, the IHT threshold stands at £325,000; … [Read more...] about Understanding UK inheritance tax
Key Changes to UK Inheritance Tax: What You Need to Know
# Recent adjustments to inheritance tax regulations have introduced significant changes that could affect your estate planning. Here's a comprehensive overview of the most important developments and what they mean for you. ## Frozen Thresholds Extended The most significant recent change is the further extension of the frozen inheritance tax thresholds. The government … [Read more...] about Key Changes to UK Inheritance Tax: What You Need to Know
Understanding Inheritance Tax
A Complete Guide for UK Residents Inheritance tax might seem complicated, but understanding the basics can help you make informed decisions about your estate. In this guide, we'll walk through the fundamental aspects of UK inheritance tax and how it might affect your family. ## What is Inheritance Tax? Inheritance tax (IHT) is a tax paid on the estate (property, money, … [Read more...] about Understanding Inheritance Tax