(HMRC) assess Inheritance Tax on the value of a person’s estate on the date of their death. In some circumstances an asset can lose value – particularly stocks and shares – before an executor can sell the asset.
Are you thinking about gifting your loved ones this Christmas? With the right advice, you can make these gifts tax exempt. This ensures that if you die within the next seven years, the gifts will not be considered part of your estate – and therefore will not be subject to Inheritance Tax
A review of inheritance tax (IHT) rules has led to recommendations that the Government make it simpler for people to pass wealth on to future generations.
The idea that the Crown might inherit everything you have worked so hard for during your lifetime might seem far-fetched – but with the Government’s unclaimed estates list now at 8,910 entries, this really can and does happen. Perhaps surprisingly, the list isn’t solely comprised of elderly people who have simply lost much of their family […]