IHT – gifts made with reservation of benefits
Most lifetime gifts are treated as potentially exempt transfers (PETs) for Inheritance Tax (IHT) purposes. In general, these…
Inheritance Tax
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Tax-free gifts for Inheritance Tax purposes
Making gifts during your lifetime can be an effective way to reduce the value of your estate for…
Settlor retains interest in settled property
The settlements legislation is designed to ensure that where a settlor retains an interest in settled property, the…
The 7-year gift rule is still available
The 7-year gift rule is still an available option for those making lifetime gifts, offering a way to…
Tax on inherited property, money or shares
As a general rule, someone who inherits property, money or shares is not liable to pay tax on…
Changes to Agricultural and Business Property Relief reforms
The government recently announced significant changes to the planned reforms to Agricultural Property Relief (APR) and Business Property…
