Tag Archives: inheritance tax

Normal Expenditure out of Income

normal expenditure

In our previous blog, Inheritance Tax Exemptions – Christmas is a time for giving, we explained some of the main exemptions available to reduce your estate and any IHT liability it may attract. One such exemption, which is potentially the most valuable, is that of “Normal Expenditure out of Income”. […]

Inheritance Tax Exemptions – Christmas is a time for giving

Inheritance tax exemptions

With Christmas fast approaching you may be stuck for ideas of what to get your nearest and dearest. If the idea of spending a day walking around a busy shopping centre fills you with dread, you may want to consider a cash gift instead. But before you go reaching for […]

Are you utilising your Inheritance Tax (IHT) exemptions?

Inheritance Tax Planning

Former Labour Chancellor Roy Jenkins famously described Inheritance Tax as: “A voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.” Inheritance Tax is now nearly 35 years old, but the comments made by Jenkins back in the day still hold a kernel of […]

Budget 2018 – what it means for you.

Despite some of the predictions raised in my last post (Pensions – Still a good option?) there was little in this year’s Budget to affect our clients financial planning strategies.  The Chancellor was perhaps looking to reinforce the message of “austerity is coming to an end” with a Budget give […]