Category Archives: Inheritance Tax

Leaving gifts to charity in your Will

Leaving gifts to charity in your Will

The government introduced new rules to encourage charitable giving on death in 2012. The rule which has remained unchanged ever since means that a reduced rate of Inheritance Tax (IHT) […]

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Inheritance tax - Alexander Accountancy Burton on Trent

IHT and Domicile

Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong but actually determining domicile status can be complex. HMRC guidance […]

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inheritance tax advice burton on trent

Inheritance Tax Business Relief

There are a number of reliefs available that can reduce liability to IHT if you inherit the estate of someone who has died. One of these reliefs is known as Business […]

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Alexander Accountancy - Inheritance Tax advice Burton on Trent

IHT – settled and excluded property

A trust is an obligation that binds a trustee, an individual or a company, to deal with the assets such as land, money and shares which form part of the […]

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IHT immediately chargeable transfers

Rules concerning the liability to Inheritance Tax

There are special rules concerning the liability to IHT on a transfer made during a person's lifetime. Most gifts made during this period are not

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OTS recommended changes to IHT

OTS recommended changes to IHT

The Financial Secretary to the Treasury has written to the Office of Tax Simplification (OTS) to confirm that HM Treasury strongly supports some key

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Inheritance Tax - tax-free gifts

Inheritance Tax – tax-free gifts

We wanted to remind our readers of the Inheritance Tax (IHT) implications of making cash gifts during the current tax 2020-21 tax year that ends on 5

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