Gifts in anticipation of marriage20191016040000

Gifts in anticipation of marriage

October 16, 2019
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...
What is the Inheritance Tax residence nil rate band?20191008040000

What is the Inheritance Tax residence nil rate band?

October 8, 2019
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...
Inheritance Tax and domicile20190807040000

Inheritance Tax and domicile

August 7, 2019
Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong. However, determining domicile stat...
Gifts with strings attached20190618230000

Gifts with strings attached

June 18, 2019
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...
IHT and foreign property20190604230000

IHT and foreign property

June 4, 2019
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 ...
What is business relief for Inheritance Tax purposes?20190430230000

What is business relief for Inheritance Tax purposes?

April 30, 2019
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...
Gifts out of disposable income20190213040000

Gifts out of disposable income

February 13, 2019
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 ...
Will you pay tax on your inheritance?20190206040000

Will you pay tax on your inheritance?

February 6, 2019
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...
Lifetime transfers where estate of another individual is increased20190123040000

Lifetime transfers where estate of another individual is increased

January 23, 2019
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...
Inheritance Tax if you live abroad20181128040000

Inheritance Tax if you live abroad

November 28, 2018
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...
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