Blog
AUTUMN BUDGET 2024 SUMMARY
On 30 October 2024, Chancellor Rachel Reeves presented her first budget to parliament. This was a budget intended to restore stability to our economy and to begin a decade of national renewal. Investment will be funded by revised debt rules to facilitate additional borrowing and a hefty £40 billion of tax rises.
Making use of your inheritance tax allowances
There are various allowances and exemptions for IHT which allow you to make lifetime gifts without them counting as part of your estate for IHT purposes. Read this article to find out how you can take advantage of these.
Giving away the family home – beware the gifts with reservation rules
You might think gifting your family home to a family member before your death helps them avoid paying inheritance tax, but there are pitfalls some of which we explore in this article. #inheritancetax #propertytax
How to claim the IHT transferable nil rate band
Find out how to take advantage of the transferable nil rate band and RNRB for IHT. #IHT #nilrateband #RNRB
Five ways to save inheritance tax
Read this article to discover five ways to reduce the inheritance tax payable by your estate #iht #exemptions #pets #annualexemption
The Basics of Inheritance Tax
Inheritance tax (IHT) is starting to be more of a concern to many people. Most estates (the assets you leave when you die) are still not charged with inheritance tax, as the total value is not high enough, but more estates are being dragged into the IHT net because of property prices. However, with sensible planning a lot can be done to mitigate the effects of IHT.