Trustees responsibilities
A trust is an obligation that binds a trustee, an individual or a company, to deal with the assets such as land, money...
30 May
Inheritance Tax
Category Archives: Inheritance Tax
23 May
Inheritance Tax
Tax exempt gifts paid out of income
Many taxpayers are aware that there is an annual Inheritance Tax exemption of £3,000 for gifts and this can be carried forward to...
25 Apr
Inheritance Tax
Should you pay tax on money or goods you inherit?
The surprising answer to this question is usually no. This is because inheritance tax (IHT) is usually levied on a person’s estate when...
18 Apr
Inheritance Tax
What is a PET?
Most gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime transfers are known...
04 Apr
Inheritance Tax
Changed circumstances, change your Will
We have published articles before discussing the importance of making a will and ensuring that your assets are divided amongst your beneficiaries in...
21 Mar
Inheritance Tax
Ken Dodd has the last laugh
The recent death of the comedian, Sir Ken Dodd, aged 90, would not usually be the topic of one of our weekly articles....
21 Feb
Inheritance Tax
More on inheritance tax shakeup
The Office of Tax Simplification (OTS) provides advice to the Chancellor on simplifying the UK tax system. In a letter dated 19 January...
14 Feb
Inheritance Tax
Can you change a Will after death?
One might expect that the answer to this question would be a definitive no. However, under certain circumstances a will can actually be...