Using trusts to reduce or avoid inheritance tax
Introduction: Using trusts to reduce or avoid inheritance tax When we talk about inheritance tax (IHT), trusts can be really helpful in reducing taxes and keeping wealth safe. This article will explore what trusts are, how they can help with inheritance tax, and why experts called financial advisers are important in managing these special money […]
10 ways to avoid inheritance tax
10 ways to avoid inheritance tax in the UK With more and more people breaching the IHT threshold, finding ways to avoid inheritance tax is becoming a crucial part of the financial planning process. Receiving a large inheritance tax (IHT) bill can be a daunting prospect. For those with substantial estates, the potential tax burden […]
Can I gift my home to my children to avoid inheritance tax (IHT)?
Can I gift my home to my children to reduce inheritance tax? In today’s article, we tackle the issue of IHT, and whether gifting your home to your children can help avoid inheritance tax. Over the years, those liable for inheritance tax has risen, mainly due to rising property prices, particularly in the South East. […]
Equity Release; the good, the bad and the ugly
A short guide to equity release Some retired people might find themselves house rich, but cash poor. Equity release can be a way of redressing the balance. The language used by equity release firms in the numerous television and newspaper adverts is enticing; “Access the value of your home, tax-free.” How much tax-free cash could […]
