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IHT Pension Tax Case Goes To Supreme Court

A long-running court battle over how inheritance tax rules apply to pension transfers will now be decided in the Supreme Court. HM Revenue & Customs...

Grieving Families Pay Record £5.6 Billion Inheritance Tax

Families have paid a record £5.6 billion inheritance tax despite the government increasing tax breaks. In the 2018-19 tax year, the IHT tax take increased...

Talking About Your Death Is The Last Taboo

Millions of people who have drafted a will refuse to talk about the details with their loved ones, according to new research. While document is...

What Tax Do You Pay If You Inherit Property?

Tax can be confusing, which is why so many people worry about tax they might have to pay on gifts left to them by...

Writing Your Loved Ones A ‘When I’m Gone’ List

Bereavement is a tough topic for people to discuss with their loved ones - but if your partner who looks after the finances dies,...

Inheritance Tax Jargon explained

Inheritance tax is ensnaring more people than ever due to ever increasing house prices. The tax man has revealed record IHT takings in the year...

Gifts Gone Wrong Raise Millions For Tax Man

You would think giving stuff away is easy - but if you want to gift your home to loved ones, the tax man will...

Do Foreign Spouses Inherit Expat Pensions?

A question expats married to a foreign spouses often ask is if their partners will inherit their UK pensions should they die before them. Expats...

Cost Of Dying Set To Soar For Wealthy Families

A new stealth tax on families passing wealth across the generations will start to bite from April 2019. That’s the date when the cost of...

Taxman To Tackle Wealthy Families With Trusts

Wealthy taxpayers who rely on trusts to avoid paying tax on their fortunes could come under attack from HM Revenue & Customs. The tax authority...

The Silly Mistakes That Invalidate A Will

A slip of the pen can lead to little mistakes in a will that make the terms invalid. Making sure you have a valid an...

Experts Want To Know What Families Think About Paying IHT

Experts charged with overhauling the rules over how inheritance tax is charged have issued a plea for help. They want families and professionals who have...

Only A Third Of Over 55s Planning For IHT

Only one in three over 55s approaching retirement who take advice from an IFA have considered inheritance planning, according to research. The findings suggest not...

Chancellor Orders Tax Experts To Check Out IHT

British Chancellor of the Exchequer Phillip Hammond has ordered tax experts to carry out a review of how inheritance tax rules are working. In a...

Complex IHT Rules Spark Advice Boom For IFAs

Inheritance advice is one of the hot financial topics for IFAs and their clients but few advisers want to offer a service without the...

Dubai Launches New Wills For Expat Property Owners

Expats owning homes, land or commercial buildings in Dubai can now safeguard their investments with an official online property will. The new will allows an...

Shaky Relationships Stop Parents Gifting Cash To Children

The high number of relationships ending in divorce or separation are putting off families giving money or other financial gifts to their children. A third...

Death Tax Plan Shelved As Parliament Runs Out Of Time

Unpopular plans to increase the cost of probate on a dead person’s estate have been shelved by the government. Justice Secretary Liz Truss pulled the...

Estate Planning For Expats

If you are an expat and what to do some serious tax planning, you need to know the difference between tax residence and domicile. Both...

What Would You Do With A £119,000 Cash Windfall?

The average inheritance is a cool £119,000 – so what would you do with a windfall like this? Surprisingly, few would spend the cash –...