Stamp Duty Rule Changes

What could the shake-up mean for you?

A shake-up of the stamp duty rules took effect on 1 April 2016 in relation to anyone owning more than one residential property – this will affect those buyers funding the purchase of …

A will is the first step

Sharing out your estate

Planning your finances in advance should help you ensure that when you die, everything you own goes where you want it to. Making a will is the first step in ensuring that your estate is shared …

Giving to charity

Reducing an Inheritance Tax – it’s good to give

A new rule began on 6 April 2012 that reduces the amount of Inheritance Tax due on an estate if at least 10% of the taxable amount is given to a …

What a relief

Assets that pass on free of Inheritance Tax

Inheritance Tax reliefs allow some assets to be passed on free of Inheritance Tax or with a reduced bill.

The executor of a will or administrator of an estate should claim the …

Gifts

Small gifts that don’t create an Inheritance Tax liability

HM Revenue & Customs allows you to make a number of small gifts each year without creating an Inheritance Tax liability. Remember, each person has their own allowance, so the amount …