RSS Feed

IHT

Leaving money to charity? Let the taxman help too

With examples such as the London Marathon, which has raised over £600m for various charities since it was first run in 1981, Britain is a country with a strong desire to help charitable causes.

What you need to know about inheritance tax

Inheritance tax has hit the news recently. With house prices rising, thousands may be stung with tax bills as more and more people enter the inheritance tax bracket for the first time.

Don’t be caught out by inheritance tax due to property price rise

Significant rises in the property market over recent years are pushing many people – perhaps unwittingly – into larger inheritance tax bills, according to Towry, the wealth adviser.

London and South East pays majority of UK inheritance tax

Estates liable for inheritance tax in the UK in 2010-2011 faced a bill of nearly £166,000 on average, according to new analysis of HMRC data by Prudential.

Don’t forget to spend after you’ve saved

After a lifetime of saving for their future and with rising long-term care costs, it is not surprising that many reach retirement and continue to focus on protecting their finances, instead of enjoying their money.

Rising house prices make Inheritance Tax planning a necessity

With over 20,000 families losing £3.1 billion in Inheritance Tax (IHT) in 2012/13, Chartered IFA - The Private Office – has written a free guide offering 10 steps to help mitigate or even eliminate your Inheritance Tax bill.

Brits still expect hefty £78k inheritance from parents

Brits still expect hefty £78k inheritance from parents

The majority of Brits ‘expect’ to receive inheritance from their parents – but in reality four in 10 won’t get a penny, according to new research.

Tax tribunal case could spell bad news for holiday home owners

A Bristol tax specialist has warned that a judgement of the Upper Tax Tribunal could spell bad news for holiday home owners in relation to their Inheritance Tax (IHT) liabilities.

Over half of UK adults don't have a will

Unbiased.co.uk, the professional advice website, has announced the launch of its annual ‘Write a Will Week', beginning on Monday, 22 October, in partnership with Octopus Investments ("Octopus").

Life insurance and inheritance tax planning

Unbiased.co.uk's annual Tax Action Report reveals UK taxpayers will waste £448 million this year due to poor inheritance tax (IHT) planning when it comes to their life insurance policies.

Charity donations reducing IHT bill

Julie Hutchison's (head of technical insight at Standard Life) response to the change in IHT by HMRC, which details that from 6 April if you leave ten per cent of your estate to charity the tax due may be paid at a reduced rate of 36 per cent instead of 40 per cent.

Flexible income route can reduce inheritance tax bill for pensioners

People who are eligible for flexible income drawdown on their pension savings can use the scheme to significantly reduce their inheritance tax liabilities, according to investment specialist Skandia.

UK inheritance to peak in 2047

£1.1 trillion will be left to beneficiaries by 2047, the peak of leaving an inheritance, reveals a new report by HSBC.

One in five Brits have already received inheritance

Researchers discovered millions of young adults, dubbed NINNIs - or ‘Need It Now, Not as Inheritance' - have gone cap in hand to mum and dad for an advance on their legacy.

Brits turn to the net for estate planning

Britons are turning towards the internet for advice on estate planning, according to research by Standard Life.