Inheritance Tax Gifts

In the article below we explore the effect that making of lifetime gifts can have on reducing an estates exposure to Inheritance Tax (IHT) liability on death.   Commonly referred to as “Inheritance Tax Gifts” it is one of the simplest ways to avoid inheritance tax. Gifts Exempt from Inheritance Tax The Read more…

Inheritance Tax Simplification

Earlier this year, the Chancellor of the Exchequer and the Financial Secretary to the Treasury requested that the The Office for Tax Simplification (OTS) review key aspects of the inheritance tax (IHT) legislation and identify inheritance tax simplification opportunities within the administrative processes with which taxpayers interact with HMRC. Inheritance Read more…

Ken Dodd has the last laugh

According to recent press commentary, Ken Dodd married his long-time partner, Anne Jones, just two days before he died. With an estate estimated to be £7m, the executors were facing an Inheritance Tax bill of over £2m, but tying the knot means that assets transferred to Anne can now be Read more…