April 2014 – Inheritance Tax (“IHT”) and “mixed marriages”

This Note touches on particular changes to the IHT rules made in the Finance Act 2013 (“FA 2013”) concerning transfers of property between spouses. (References below to “spouses” include civil partners, and references to “marriage” include a civil partnership.) Before … More

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April 2012 – HMRC Revised approach to normal expenditure exemption

If you make lifetime gifts then, in the event of your death, they may be added back when it comes to working out any inheritance tax (“IHT”) payable on your estate. But some gifts are “exempt” from IHT so they … More

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