Tag: #IHT


No children? No new inheritance tax break as confirmed by the Government

08

Oct 2015

No children? No new inheritance tax break as confirmed by the Government

Conservative party politician David Gauke emphasized the extra ?350,000 ‘family home’ inheritance tax allowance per couple shall not be granted?to those without children. Regardless of the public protests, the government has clarified that those with no children shall not be entitled to the special inheritance tax concession for family homes. This tax concession, known as the ‘family home allowance’ means a married couple?s joint ?650,000...

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New inheritance tax rules: who actually benefits?

28

Sep 2015

New inheritance tax rules: who actually benefits?

If losing your loved one isn’t enough grief, there then comes the added complication of dealing with inheritance tax.?The rules themselves have not changed since 2009, however the amount of estates giving rise to an inheritance tax liability has increased abruptly with tax revenue multiplying over the last 30 years. There?s a misconception that inheritance tax is only something the rich pay, however this is...

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