While instalments over 10 years will be available on qualifying APR/BPR property, any IHT liability still sits with the estate - even if a pre-existing agreement passes the business to a co-owner and the family receives no cash or shares.
The hub includes articles and insights on IHT planning, guides covering pension and protection solutions, practical tools and resources, as well as regular updates reflecting policy developments and market changes.
A House of Lords committee report has warned that bringing pensions into the scope of inheritance tax (IHT) will cause ‘significant delays and costs’ under the currently proposed rules ...HMRC charges interest on any tax paid late, including IHT.
If we gift my house to our daughter and continue to live in it, I understand we pay full market rent. After seven years, do we have to continue paying full market rent? ....
) A timely resource for advisers in a rapidly changing IHT landscape 3 in 10 adults think they'll be affected by planned IHT changes from April 20271 ... Recent research from Royal London highlights the significant concern surrounding IHT in the UK.
Financial Planners are rethinking their strategies on pensions and wealth transfer as the imposition of IHT on unused pensions from April next year looms closer ... This is just one example of why reviewing IHT strategies is essential.”.