The Latest news from Turner Little
Are you worried about the possibility of leaving your children with a large inheritance tax (IHT) bill? Taking action now could avoid this and put your mind at rest. At Turner Little we can help you come up with a
It’s important to make the most of limiting potential liability when it comes to your Inheritance Tax (IHT). IHT affects more people than ever, because the threshold has stayed the same since 2010, while house prices have continued to rise.
The government has made a few tax cuts, specifically abolishing Stamp Duty on properties worth up to £300,000. With many opponents to the idea, should Inheritance Tax (IHT) be the next target for cuts? Here are five reasons why we
This year has brought particularly bad news for those families who may need to pay inheritance tax in the near future. The Office for Budget Responsibility (OBR) – the Government’s non-departmental public body who provide independent economic forecasts and analysis
You may wish to safeguard your estate from inheritance tax, to ensure you can financially provide for your loved ones, after you pass away. You can utilise legal vehicles called trusts strategically for this purpose. Turner Little explains how to
When planning your estate, beware of inheritance tax. If your estate’s value eclipses a specific threshold (£325,000 at present), when you pass away, your estate will be required to pay a 40% inheritance tax on the remaining fixed assets. Combined,
Recently released statistics suggest that UK taxpayers saved millions of pounds in inheritance tax relief between 2014 and 2015. Tax exemptions Under UK law, the beneficiaries of an estate (money, possessions etc.) are required to pay inheritance tax if the