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Tag: Inheritance Tax

Alextra Accountants
Inheritance Tax And Potentially Exempt Transfers
Aside from the annual exemption and the exemptions for particular gifts (such as those out of income or in consideration of marriage), it is possible to make gifts free of inheritance tax – as long as...
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Alextra Accountants
IHT Estate Returns
When someone dies, there are forms to fill in and send to HMRC. There are different forms and the correct forms depend on whether or not there is any inheritance tax to pay. Consequently, before the f...
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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
PETS Are For Everyone, Not Just Prime Ministers
On the back of the Panama papers came the rather unexciting news that the Prime Minister had received a gift from his mother that could `potentially avoid inheritance tax’. However, there is nothing u...
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