Lifetime Gifts. What are they and how do they affect Inheritance Tax? When I speak to clients there are lots of people who tell me “I can only give away £3,000 a year”. Or “I can give away money and then survive 7 years and not pay care fees”. So, there is a lot of […]
2023 Inheritance Tax allowances – and actions to take! I wrote a blog called Understanding Inheritance Tax a while ago, and it’s always been one of our most popular articles. It simplifies what can, for some, feel complex and you can read it here. It covers all the basics – allowances, rules, NRB, RNRB and
For all of us, understanding Inheritance Tax (IHT) is important when you are planning to make a Will. For many of my customers, IHT is never going to be an issue. With smaller estates and a potential to pass on £1 million in property and assets to your family without paying any IHT, most couples
