Can you claim an Inheritance Tax refund?

Categories: Estate

Inheritance Tax (IHT) is calculated on the value of assets at the time of death and is normally payable within six months. However, what if the value of the assets drops after the death of the testator?

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Daniel Boden

Chartered Financial Planner and Partner

3 financial gifts for children and grandchildren this Christmas

Categories: Estate

Research from the price comparison site Compare the Market has revealed that parents spend an average of £259 on presents for their children every Christmas. So, with Christmas just around the corner, we look at three types of financial gifts for children and grandchildren.

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James Hollway

Registered Adviser and Partner

Is Inheritance Tax being abolished?

Categories: Estate

In the last tax year, Inheritance Tax (IHT) receipts reached a record high level of £5.4 billion. On average, liable estates paid £179,000 of tax, with bills having risen steadily in recent years, mainly thanks to rising property prices and the government freezing individual’s £325,000 Nil Rate threshold.

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James Hollway

Registered Adviser and Partner

Inheritance Tax Planning: The Residence Nil-Rate Band (RNRB)

Categories: Estate

Inheritance tax (IHT) is one of the UK’s most detested taxes because, after working hard your entire life, the Government takes a final bite of your estate after you have gone. But IHT may also be considered a ‘voluntary’ tax, since the right financial planning can ensure your estate legitimately pays the minimum amount of tax possible.

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Nigel Barthorp

Registered Adviser and Partner

Inheritance Tax Planning: An Introduction To Business Property Relief (BPR)

Categories: Estate

Business property relief (BPR) was created to prevent family owned businesses becoming potentially liable to inheritance tax on the death of their founders. It works by exempting shares held in qualifying businesses from the tax. The benefits of BPR extends beyond family tax planning as the government has recognized that this tax relief encourages investors to buy shares in small trading companies, regardless of if they run the business themselves.

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James Hollway

Registered Adviser and Partner