by Kev Watson | Aug 13, 2026 | Tax Savings
Giving to family and friends can be emotionally rewarding — and when planned carefully it can also reduce the value of your estate for Inheritance Tax (IHT) purposes. This article explains the common allowances and rules that let you give without immediately affecting...
by Kev Watson | Aug 13, 2026 | Tax Savings
What is Inheritance Tax (IHT)? Inheritance Tax is a tax that may be charged on the value of someone’s estate when they die. “Estate” usually means the property, money and possessions they leave. The rules can feel technical, but a few straightforward points make it...
by Kev Watson | Aug 13, 2026 | Tax Savings
The nil-rate band is often described as the basic shield against Inheritance Tax (IHT). It’s the amount of an estate that’s taxed at 0% before any IHT becomes payable. Understanding how it works — and why an accurate estate valuation matters — helps families plan with...
by Kev Watson | Aug 13, 2026 | Tax Savings
Planning for what happens to your estate is a practical, compassionate way to protect your loved ones and reduce stress at a difficult time. The following two illustrative composite scenarios show how simple steps — reviewing a will, keeping clear records of gifts,...
by Kev Watson | Aug 13, 2026 | Tax Savings
Keeping the family home in the family is often a top priority. In England and Wales an extra Inheritance Tax (IHT) allowance — the residence nil-rate band (RNRB) — can reduce the tax bill when a main residence is left to certain descendants. Below I explain the basics...
by Kev Watson | Aug 13, 2026 | Tax Savings
Inheritance Tax (IHT) can feel technical, but at its heart it’s about how the assets you leave are divided and how easily your loved ones can carry out your wishes. Taking a little time now to plan — and to keep clear records — can reduce uncertainty and stress for...
