Inheritance Tax Reforms?

Inheritance Tax Reforms?

Are Inheritance Tax reforms on the way? The All Party Parliamentary Group (APPG) for Inheritance & Intergenerational Fairness describes Inheritance Tax as “ripe for reform”. The APPG, chaired by John Stevenson MP, goes on to suggest: “Replacing the current...
Residence Nil Rate Band 2019/20 and the Family Home

Residence Nil Rate Band 2019/20 and the Family Home

Richard Coombs explains how the Residence Nil Rate Band and Inheritance Tax (IHT) apply to your family home. “As many people know, everyone gets a “nil rate band” to use against the total value of their taxable estate when they die.  Currently this is £325,000...
Inheritance Tax Planning After Death

Inheritance Tax Planning After Death

Is it too late for Inheritance Tax planning after death? The now famous quote from Benjamin Franklin that there are only two certain things in life: death and taxes still holds true. As tax advisors, we are often in a situation where we have to deal with both at the...