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...
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...
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...
As the old joke goes, the only two certainties in life are death and taxes. Inheritance tax is the tax taken out of a deceased person’s estate before the remainder is passed on to their heirs. The way IHT currently works is that transfers between spouses/civil...
These days, funeral music can go way beyond traditional hymns like Abide with Me, but out of all the songs you might want to choose for your funeral, possibly the most appropriate would be the 2015 hit by LunchMoney Lewis – Bills, because, while death may be free,...
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