Gifts out of surplus income and Inheritance TaxPosted by Ian Henman on November 13, 2023
If you give gifts out of surplus income, they don’t attract Inheritance Tax. Yet few people do this. We look at how this tax break works.
Downsizing Relief: how it can cut your Inheritance Tax billPosted by Ian Henman on November 10, 2023
Are you familiar with downsizing relief? We help you understand how it works and how it can slash your Inheritance Tax bill.
Rental income and spouses (pt 2): limited companiesPosted by Ian Henman on October 27, 2023
In this second post about rental income and spouses, we look at implications for unmarried couples and holding property via a limited company
Dying without a Will is a very bad idea!Posted by Ian Henman on October 23, 2023
Understanding what dying without a Will actually means in practice and how your assets would be shared out if you were to die intestate.
Rental income and married couples: how does it work?Posted by Ian Henman on October 18, 2023
When it comes to rental income and married couples, different ownership structures can have different tax implications. We take a closer look.
The THP Guide to UK Inheritance Tax PlanningPosted by Ian Henman on September 1, 2023
UK Inheritance tax planning – we explain how to calculate the tax due to the Treasury upon your death or the death of a loved one.
Gig Economy – are you a short term or freelance worker?Posted by Ian Henman on August 21, 2023
Working within the gig economy using short-term or freelance contractors? Then watch out for the taxman…
Inheritance Tax update: time to start planning?Posted by Ian Henman on July 28, 2023
Will IHT go up or will the Chancellor remove exemptions like the 7-year gifting rule. In this Inheritance Tax update we take a closer look.
Inherited pensions may become subject to income taxPosted by Ian Henman on July 24, 2023
HMRC has announced new proposals that could remove tax-free benefits on pensions inherited by someone who died before the age of 75.
Joint tenants or tenants in common – letting a jointly owned propertyPosted by Ian Henman on July 17, 2023
Joint tenants or tenants in common – letting a jointly owned property – we look at the differences and advantages of each for BTLs.