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Tag: IHT

Alextra Accountants
Residence Nil Rate Band
From April 2017, a new nil rate band – the residence nil rate band (RNRB) – is available for inheritance tax purposes. It increases the amount that can be left free of inheritance tax when the estate ...
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Alextra Accountants
Using Loan Trusts
While giving away assets and hoping to live for seven years afterwards can take them out of the taxman’s reach for inheritance tax purposes, the downside is that you lose the right to benefit from tho...
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Alextra Accountants
Giving Your Home Away – Beware The GWR Rules
It is possible to escape inheritance tax on gifts by surviving for seven years after the date of the gift. However, the benefit of making lifetime gifts may be lost if the gift comes with strings atta...
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Alextra Accountants
Passing On Your Home IHT Free – The New Main Residence ...
As widely anticipated, in his summer 2015 Budget, the Chancellor announced measures that will eventually allow couples to pass on their family home to their children or grandchildren free of inheritan...
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Alextra Accountants
Making Gifts Out Of Income To Save IHT
The inheritance tax legislation contains a number of exemptions which make it possible to give money away without fear of triggering an inheritance tax charge. One such exemption is that for normal ex...
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