Reducing inheritance tax – could a deed of variation help?
If you’re the beneficiary of a will, a deed of variation may be useful in reducing inheritance tax payable on the estate.
Inheritance Tax investigations net HMRC record sums
HMRC is opening more Inheritance Tax investigations than ever – and raking in record sums. We take a look at why this is happening – and how.
Lifetime gifts and Inheritance Tax: how to notify HMRC
You may know that lifetime gifts can be exempt from IHT if you live for seven years afterwards. But how do you report them to the taxman?
Inheritance Tax insurance and the 7-year rule
More and more people are getting caught in the IHT trap. Can Inheritance Tax insurance be helpful when making gifts to family and loved ones?
Inheritance Tax Planning
If you want to leave as much of your estate as possible to your family – not the taxman – THP’s Inheritance Tax planning service can help you.
Pensions and tax – a great way to save!
Pensions and tax reliefs go hand in hand and are the best way to provide for your retirement. We look at the options available from age 55.
Reporting tax fraud nets whistleblowers £509,000
Reporting tax fraud netted whistleblowers over £500,000 during the last tax year. But would a more transparent system recoup more?
Inherited pensions may become subject to income tax
HMRC has announced new proposals that could remove tax-free benefits on pensions inherited by someone who died before the age of 75.
Don’t pay Capital Gains Tax……!
If you sell your own possessions and make a large profit you could be liable to pay capital gains tax. Contact THP to learn how to reduce your CGT bills.
Savings tax bites as interest rates rise
More and more people are falling into the savings tax trap. We look at why this is happening and ways of legitimately cutting your tax bill.