After someone dies, the beneficiaries may find that the way an estate has been distributed does not reflect their wishes
IHT – gifts made with reservation of benefits
Most lifetime gifts are treated as potentially exempt transfers (PETs) for Inheritance Tax (IHT) purposes. In general,
Tax-free gifts for Inheritance Tax purposes
Making gifts during your lifetime can be an effective way to reduce the value of your estate for Inheritance Tax (IHT)
Settlor retains interest in settled property
The settlements legislation is designed to ensure that where a settlor retains an interest in settled property, the
The 7-year gift rule is still available
The 7-year gift rule is still an available option for those making lifetime gifts, offering a way to potentially reduce
Tax on inherited property, money or shares
As a general rule, someone who inherits property, money or shares is not liable to pay tax on the inheritance itself.
Changes to Agricultural and Business Property Relief reforms
The government recently announced significant changes to the planned reforms to Agricultural Property Relief (APR) and
Agricultural and business property relief changes
Agricultural and business property relief changes that were first announced at Autumn Budget 2024 will come into effect
IHT treatment of unused pension funds and death benefits
The 2027 reforms will shift more responsibility to personal representatives, who may need to manage withholding
Inheritance Tax and CGT relief for national heritage assets
Certain buildings, land, works of art, and other objects of national significance may be exempt from Inheritance Tax and