Parents who gift money to their children or grandchildren in a bid to help them get on the property ladder are being reminded to consider the complex Inheritance Tax (IHT) rules affecting gifts.
A prominent charity group is calling on UK families to include charitable legacies in their Wills.
The number of UK families and individuals seeking out Inheritance Tax (IHT) advice will rise sharply over the next three years, a new study has predicted.
News that the Treasury’s Inheritance Tax (IHT) take has hit a record high in the past year has sparked concerns that IHT is not keeping up with the pace of UK house price growth.
UK families are being urged to consider the benefits of setting up a deed of variation (DOV), which may be able to help families to resolve difficult Inheritance Tax (IHT) issues after the death of a loved one.