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Gifts to avoid Inheritance Tax

Gifts to avoid Inheritance Tax

The making of lifetime outright gifts of assets is a straightforward tax planning device, if you can afford it. The value of the gift won’t be included in the IHT calculations if the transferor survives the date of the gift by at least 7 years.

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Inheritance Tax on the elderly

Inheritance Tax on the elderly

Data shows that Inheritance Tax payments to HMRC are due to rise sharply as it has revealed that the number of older people set to leave over £150,000 after death has doubled over the past 10 years.

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