Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong. However, determining domicile stat...

The majority of gifts made during a person's life are not subject to tax at the time of the gift. These lifetime transfers are known as 'poten...

If a permanent home (domicile) is in the UK then any foreign situated property owned at date of death will be chargeable to Inheritance Tax. The site ...

Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts an...

There is an annual Inheritance Tax exemption of £3,000 for gifts. This exemption can also be carried forward to the following tax year if not used to ...

If you inherit property, money or shares you are usually not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due shoul...

Most gifts made during a person's life are not subject to tax at the time of the gift. These lifetime transfers are known as 'potentially exempt trans...

The Inheritance Tax rules can be difficult to fathom when an expat or another person with connections to the UK living outside the country dies. The l...

New rules were introduced by the Government in 2015 that allow for the spouse or civil partner of a deceased ISA saver to benefit from additional ISA ...

Business Property Relief (BPR) is an attractive tax relief for taxpayers with business interests, offering either 50% or 100% relief from Inheritance ...