Inheritance tax news
October 1st, 2007
The Chancellor’s announcement of radical changes to Inheritance Tax (IHT) in the Pre Budget Report means that yet again everyone is going to have to review their IHT planning in order to take…
Read more >
September 1st, 2007
Inheritance Tax is charged at 40% on the value of your estate (above £300,000) when you die, and that value includes any gifts you have made in the previous seven years. There are various exemptions…
Read more >
July 1st, 2007
In Devon, where I live, there are two distinctly different kinds of farmer. There are the “professional” farmers, ranging from tenant farmers on Dartmoor struggling to make a living from their…
Read more >
February 1st, 2007
When someone dies their estate is distributed, according to their Will if they made one, or according to the laws of intestacy if they did not. It is, however, possible effectively to rewrite a…
Read more >
November 1st, 2006
When you die, the vultures from HM Revenue and Customs begin to circle. Inheritance tax (“IHT”) is charged on the net value of your estate, after taking account of any debts at the time of your…
Read more >
