Inheritance Tax
Who pays IHT and how you can reduce your liability
By Administrator1 author9 articles
- What is Inheritance Tax and how is it calculated?This article explores how Inheritance Tax is calculated
- Domicile, Inheritance Tax and who pays it and how?Whether you need to pay inheritance tax depends on your domicile status and the size of your estate
- Nil Rate Band (Tax Free Allowance)An explanation of the Nil Rate Band, Residence Nil Rate Band and how to transfer each allowance
- Lifetime Inheritance Tax PlanningThis article explores the effectiveness of lifetime gifts and where they are tax exempt, potentially exempt or chargeable.
- What is a Lifetime Gift?Gifts made during your lifetime rather than through your Will may still be liable for inheritance tax
- Gifts that are Exempt from Inheritance TaxThis article explores those gifts upon which Inheritance tax is not payable, such as those to your spouse or political parties.
- Seven-year ruleGifts made in the last seven years
- Additional Inheritance Tax Reliefs and Exemptions available on DeathThis article discusses how and when you can apply for such reliefs as Agricultural, business, national heritage and Armed forces relief.
- Donations to charity - tax exemptionsTax advantages of donating to charity in your Will