There is a special exemption from Inheritance Tax for cash gifts made on or shortly before the date that the relevant wedding or civil partnership cer...

The Inheritance Tax residence nil-rate band (RNRB) came into effect on 6 April 2017. The RNRB is a transferable allowance for married couples and civi...

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...