Families can give away assets during their lifetime to reduce inheritance tax liabilities, but failing to meet gifting rules ...

Missing’ inheritance tax is expected to soar as the government aims to raise extra £2 billion through rule changes ...

The resounding financial goals of many high-net-worth families center around the growth, preservation and eventual methodical ...

Inheritance Funding says that the amount of an inheritance advance depends on several factors and explains that by understanding what influences this calculation, you will be well prepared to navigate ...

A living inheritance is giving financial assistance to younger generations while still alive, rather than bequeathing it upon ...

The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027.

Inheritance can be a complicated topic, often tied to deep emotions and family dynamics. One of our readers, Janet, recently ...

In the event you suddenly receive a windfall of money, there is no question that it can make anyone nervous and excited. The ...

Where someone has an estate over £2m, the residence nil rate band taper can be avoided by giving lifetime gifts to bring their estate below £2m. This can be done at any time before death because the ...

Some 220 estates last year received a tax bill on £61 million worth of gifts given away incorrectly, according to HMRC data.

• Accepting property that’s too hard to manage or unsellable. “Look at it before you accept,” Simasko said. “You may not want it.” Examples include large vacant lots in isolated areas and timeshares.

The inheritance tax (IHT) rate charged on businesses come April 2026 could end up being higher than the purported 20 per cent, according to a local tax adviser.