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What Could IHT Mean For You?

The COVID19 bill is coming due. One way or another, it will need to be paid. There may be a certain level of scope for the government to make savings. Realistically, however, it seems highly unlikely that there is enough scope for it to avoid raising taxes at all. If...

Preparing For Your Very Last Move

Death and taxes are both inevitable. It, therefore, makes sense to prepare for both. Unlike filing taxes, preparing for your death can have its interesting side. In particular, you get to plan your own funeral. You also get the satisfaction of knowing that you’ve made...

Understanding Inheritance Tax

The basic idea behind Inheritance Tax (IHT) is simple. When you die, the value of your estate will be assessed and if it falls over a certain threshold, HMRC will claim a share of it. In practice, however, your tax liability can depend largely on your ability to plan...

Love, Remarriage and Inheritances

As the law currently stands, if a person is married or in a civil partnership, their spouse/civil partner has first claim on their estate if they die.  Provision may be made for minor children but not for adult ones (barring special circumstances).  This fact has...

How To Plan For Inheritance Tax

Following the news that thousands more people are expected to pay the standard 40% inheritance tax this year because of the effects of the pandemic, we explore some of the ways to navigate the complexities of inheritance tax. The complex laws around inheritance tax...