Reducing an Inheritance Tax – it’s good to give
A n estate can pay Inheritance Tax at a reduced rate of 36% on some assets (instead of 40%) if 10% or more of the ‘net value’ of their estate is left to charity. (more…)
Posted on April 29, 2015 by admin - Retirement, Wealth Creation
Reducing an Inheritance Tax – it’s good to give
A n estate can pay Inheritance Tax at a reduced rate of 36% on some assets (instead of 40%) if 10% or more of the ‘net value’ of their estate is left to charity. (more…)
Posted on April 29, 2015 by admin - Retirement, Wealth Creation
Assets that pass on free of Inheritance Tax
Inheritance Tax reliefs allow some assets to be passed on free of IHT or with a reduced bill. (more…)
Posted on April 29, 2015 by admin - Retirement, Wealth Creation
HM Revenue & Customs allows you to make a number of small gifts each year without creating an Inheritance Tax liability. Remember, each person has their own allowance, so the amount can be doubled if each spouse or registered civil partner uses their allowances. You can also make larger gifts, but these are known as ‘Potentially Exempt Transfers’ (PETs), and you could have to pay IHT on their value if you die within seven years of making them. (more…)
Posted on April 29, 2015 by admin - News, Protection, Retirement, Wealth Creation
Usually the ‘executor’ of the Will or the ‘administrator’ of the estate pays Inheritance Tax using funds from the estate. (more…)
Posted on April 29, 2015 by admin - Protection, Retirement, Wealth Creation
With careful planning and professional financial advice, it is possible to take preventative action to either reduce your beneficiaries’ potential Inheritance Tax bill or mitigate it out altogether. (more…)
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