News Tag Results for "IHT"

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282
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Family home inheritance tax

Q. My estate, which includes my home, is currently worth around £600,000. I am single, have never been married and have no children. I intend leaving my estate to my siblings. Will they quali... more


334
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Giving cash gifts to children

Q. I would like to give my daughter a gift of £5,000 cash. What are the inheritance tax implications of this gift?  A. The inheritance tax (IHT) annual exemption enables a pers... more

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361
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IHT: changes to Residence Nil Rate Band

Minor technical amendments are to be made to the residence nil rate band (RNRB) for IHT purposes. The amendments seek to clarify the working of the downsizing rules and provide certainty over when ... more


510
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IHT: know your limit

IHT: know your limit Insurance company Canada Life's annual survey for 2017 has revealed growing confusion over the operation of inheritance tax. According to the survey, more than two... more

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244
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Summary on making use of gift exemptions....

Summary on making use of gift exemptions for IHT According to a recent survey undertaken on behalf of HMRC, only 25% of people making financial gifts have a working knowledge of inheritance tax... more


102
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Will I Be Able to Claim Inheritance Tax Relief?

Q. My mother is a widow in her nineties but still lives in the same house that she and my late father bought in the early 1960s. I also lived there from birth until I married and moved out in 1990.... more