inheritance tax

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.

Read more »

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

Read more »

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).

Read more »

Bereaved families will face soaring probate fees of up to £6,000 as the government presses on with controversial tiered fee structure

Bereaved families could see the cost of probate soar by thousands of pounds after the Ministry of Justice confirmed that it will implement a banded structure for the payment of probate fees from April next year.

Read more »

Average inheritance hits £11,000 - and those aged 55 to 64 are most likely to receive one

People approaching retirement are most likely to be handed down wealth and receive the largest inheritances, official figures show.

Read more »

Britain's top 10 inheritance tax hotspots revealed: Guildford tops the list as IHT receipts hit record highs

Guildford in Surrey has been named the inheritance tax (IHT) capital of Britain, according to data from Direct Line.

Read more »

Parents giving away £227 billion to kids to save on inheritance tax

One in five parents has given money to their children in an attempt to reduce the amount of inheritance tax their families will have to pay when they die.

Read more »

Can I transfer some of my estate to my wife to reduce the inheritance tax our children will pay?

A certain amount of your estate can be passed on inheritance tax-free; this allowance is called the ‘nil-rate band’ and is currently £325,000.

Read more »

Inheritance tax avoidance investigations rise as HMRC cracks down on estate undervaluations

HM Revenue and Customs is increasingly targeting estates it believes have undervalued residential property to avoid Inheritance Tax bills, according to an accountancy firm.

Read more »

Can my Sipp be passed to my beneficiaries free of inheritance tax?

The actual treatment of an inherited pension pot depends on whether you die before reaching age 75 or not.

Read more »