inheritance tax

More time for grieving families: probate fee hike delayed by Brexit

The new probate fee structure set to be introduced on 1 April has been delayed due to the ongoing Brexit tribulations in Parliament.

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Can my dad help cut our future inheritance tax bill?

Since October 2007, it has been possible for spouses to pass their nil-rate band to each other for inheritance tax purposes. 

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Can I gift £3,000 for previous years without paying inheritance tax?

Every year, we can all gift up to £3,000 in cash or assets without attracting inheritance tax (IHT). This is known as your ‘gift allowance’.

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"HMRC asked me to pay IHT on my mother’s Isa cash": Moneywise readers' best comments and letters

Each month we publish the best comments, emails and letters from our readers the star of which will win a £50 M&S giftcard. Here are the best of January 2018

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Inheriting a tidy sum? Spend it wisely

Has a relative or friend left you money in their will? If you’re not sure what to do with it, read our step-by-step guide to how to make the most of that extra cash

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Inheritance tax payments top £5 billion in 2018 - and are set to keep rising

The much-maligned inheritance tax has earned HMRC more than £5 billion in a year for the first time, and is set to keep growing.

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Should my dad add me on the deeds to his house?

It is quite easy to put the deeds of your father’s house into your name. However, there are a number of potential pitfalls.

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Can I give my children cash without them having to pay IHT?

If the value of your estate – including these gifts – are beneath the nil-rate band, there is no tax to pay.

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Hundreds of thousands of families needlessly filling in inheritance tax paperwork

The Office for Tax Simplification (OTS) has called on HMRC to reduce or remove the requirement to submit inheritance tax forms for smaller or simpler estates

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Probate fee hike for bereaved families is an "abuse of power" says accountancy institute

The intention of the Ministry of Justice (MoJ) to increase probate fees for bereaved families is an abuse of the government's constitutional power says the Institute of Chartered Accountants in England and Wales (ICAEW).

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