RESOURCES

Inheritance Tax

Gifts with Reservation of Benefit and Pre Owned Asset tax Rules

Introduction A few clients have asked me recently to explain some of the rules around gifts and inheritance tax. One interesting rule is the ‘Gift with reservation of benefit rule’. I talk about this a little here. As you probably know, if you give an asset away and survive for 7 years, then there’s usually […]

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How Much is Inheritance Tax in the UK?

What’s the inheritance tax rate? The simple answer to the question is 40%. But – it would be a huge and potentially expensive mistake to believe that this is where the Inheritance Tax story ends. Far from it. In fact, Inheritance Tax is one of the most complex aspects of UK tax legislation. Get it […]

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Tax Planning Ideas for 2022

Tax Planning The end of the current tax year is approaching fast. But just because several weeks will pass before we embark on the new 2022-23 tax year doesn’t mean we can afford to be complacent. Leaving tax planning until April 1st could cost you money. Planning, by definition, means devising a strategy in advance. […]

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Are UK Tax Cuts by 2024 Really a Possibility?

Are Potential UK Tax Cuts by 2024 likely? Surprisingly, news has emerged in recent weeks about discussions the UK Chancellor, Rishi Sunak, has held with Treasury advisers to reduce taxes. We say ‘surprisingly’ because the discussions come just a few months after the Chancellor has committed to increase National Insurance and the tax on dividends. […]

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Inheritance Tax for Italians living in the UK

Overview of UK IHT Inheritance Tax is the tax that has to be paid by the estate of an individual who has died. Their ‘estate’ is defined as their tangible assets – essentially their money, possessions and property. The principle may seem straightforward, but there are lots of complicated rules that make the process complex. […]

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