Brothers, sisters and Inheritance Tax

Generally when one spouse dies and the other inherits, there is no Inheritance Tax to pay on that transfer. This is called the “Spouse Exemption”. Parliament is debating whether something similar should apply to transfers between siblings, in certain circumstances. You can track the process of the proposed legislation here.

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Gifts to Charities

After the first UK lockdown, the Law Society carried out a survey and found that only 20% of people with a Will named a charity as a beneficiary. Did you know that you don’t pay inheritance tax on gifts to qualifying charities?  And did you know that, even if inheritance tax has to be paid…

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Paying inheritance tax – is there a choice?

Some people think that inheritance tax is really unfair.  You work hard to put a roof over your head and some money in the bank (not to mention the tax you’ve been paying your whole life).  All that, just for the taxman to take another bite when you pop your clogs.  But did you know:…

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