IHT Archives - Assured Private Wealth

Second Properties and IHT: Key Insights into Managing Buy-to-Let Portfolios and Tax Implications

When someone owns a second property, especially one used as a buy-to-let, it can have a big impact on their inheritance tax (IHT) liability. Buy-to-let portfolios and other second homes are often included in the value of an estate, which means they could increase the amount of tax owed when passing wealth to heirs. Understanding […]

Charity Giving and Inheritance Tax: How Philanthropy Can Reduce Your Bill Effectively

Leaving money to charity in a will can reduce the amount of inheritance tax an estate has to pay. Any gift made to a registered charity is exempt from inheritance tax, which lowers the overall taxable value of the estate. This means philanthropy can directly cut down the tax bill while supporting causes that matter. […]

Inheritance Tax Thresholds: Are You Closer Than You Think? Understanding What It Means for Your Estate Planning

Many people believe they are far from owing inheritance tax, but the truth is that more estates reach the threshold than expected. The current limit before inheritance tax applies is £325,000 per person, with additional allowances if passing on a home. This means a significant number of people may be closer to the tax threshold […]

IHT and Your Pension: The Crucial Yet Overlooked Planning Tool for Estate Efficiency

Inheritance tax (IHT) and pensions are often seen as separate parts of financial planning, but many overlook how crucial pensions can be in managing IHT. Pensions have long been a tax-efficient way to pass on wealth, but changes coming in 2027 mean retirees must rethink their strategies carefully. Understanding how pensions interact with inheritance tax […]

Common Inheritance Tax Mistakes That Cost Families Thousands and How to Avoid Them

Many families lose thousands of pounds due to common inheritance tax (IHT) mistakes that could easily be avoided. Understanding how tax liabilities on your estate work is key to protecting your assets and reducing the amount paid to HMRC. If you don’t plan carefully, rising inheritance tax receipts mean more of your estate could be […]

Inheritance Tax and Life Insurance: Evaluating the Benefits of Placing a Policy in Trust

If you have a life insurance policy, you might wonder if putting it in trust is really worth it when thinking about inheritance tax. Placing your life insurance in trust can help your family avoid paying inheritance tax on the payout and speed up the process of receiving the money. This means your loved ones […]

The Family Home and Inheritance Tax: Strategies to Safeguard Your Most Valuable Asset

Your family home is often the most valuable asset you own, but without proper planning, a large portion of it could go to inheritance tax when you pass away. You can protect your home by using legal strategies like gifting, making use of tax thresholds, and careful estate planning to reduce or avoid inheritance tax. […]

Using Trusts to Manage Inheritance Tax: Effective Strategies and Common Pitfalls in 2025

Using trusts to manage inheritance tax can help you keep more of your estate for your beneficiaries, but it’s important to understand what really works and what doesn’t in 2025. Trusts do not automatically mean your assets are free from inheritance tax, but they can offer ways to reduce the overall tax bill when set […]

What a Labour Government Could Mean for Inheritance Tax Policy: Implications and Potential Changes Ahead

If a Labour government takes office, your inheritance tax rules could change significantly. They plan to close loopholes like offshore trusts and overhaul the way tax applies to pensions within the estate. This means you may face new tax rules that affect how much you pass on to your loved ones. You should also be […]

The 7-Year Rule Explained: Essential Insights for Givers and Receivers on Inheritance Tax

The 7-Year Rule is an important part of inheritance tax (IHT) that affects both anyone giving gifts and those receiving them. If you live for seven years after giving a gift, no inheritance tax is usually due on that gift, which can reduce your estate’s tax burden significantly. Understanding how this rule works can help […]

How to Protect Your Estate from Inheritance Tax While Keeping Control of Your Assets: Effective Strategies for Smart Estate Planning

Protecting your estate from inheritance tax is a crucial step in ensuring that your loved ones receive what you've worked hard to build. There are effective strategies that allow you to minimise the impact of inheritance tax while maintaining control over your assets. Estate planning can provide peace of mind, knowing that your beneficiaries will […]

How the Seven-Year Rule Impacts Inheritance Tax on Gifts: Understanding Tax Implications

When planning your estate, understanding how the seven-year rule affects inheritance tax on gifts is essential. If you make a gift and pass away within seven years, the value of that gift can impact the inheritance tax due on your estate, but the tax rate decreases the longer you survive after making the gift. This […]

Understanding the Inheritance Tax Implications of Your Will: A Comprehensive Guide

Understanding the inheritance tax implications of your will is crucial for effective estate planning. Knowing the tax-free threshold, which currently stands at £325,000, can help you plan effectively and reduce financial burdens on your loved ones. As you prepare your will, it's essential to consider how your assets may be taxed after your death and […]

Inheritance Tax Planning for Large Estates: Navigating Complexities and Exploring Effective Solutions

Navigating inheritance tax planning for large estates can feel overwhelming due to the complexities involved. You need to consider various factors such as the total value of your estate, joint assets, past gifts, and specific business holdings. These elements can significantly impact your tax liabilities and shape your legacy. Effective inheritance tax planning is essential […]

Inheritance Tax Planning for Business Owners: Essential Strategies and Considerations

When it comes to protecting your legacy, effective inheritance tax planning is crucial for business owners. Navigating this complex landscape can feel overwhelming, but with the right strategies, you can significantly reduce the tax burden on your estate. Understanding key allowances and exemptions allows you to retain more of your hard-earned assets for your heirs. […]

How to Effectively Plan for Inheritance Tax with Property Investments: Key Strategies and Insights

Effective inheritance tax planning is essential for property investors. By understanding the tax thresholds and exploring tax-efficient investment strategies, you can significantly reduce the amount your heirs will need to pay. Many property owners are unaware that the value of their investments can elevate their estates above the nil-rate band, resulting in a substantial tax […]

Inheritance Tax Planning for Non-UK Domiciled Individuals: Strategies to Mitigate Tax Liabilities

Inheritance tax can be a complex issue, especially for non-UK domiciled individuals. Understanding the rules around this tax is crucial for effective estate planning. Planning strategically can help you minimise your inheritance tax liability and protect your assets for your beneficiaries. As a non-domiciled individual, you may benefit from specific exemptions and rules that differ […]

The Role of Professional Advisors in Inheritance Tax Planning: Enhancing Your Financial Strategy

When it comes to inheritance tax planning, many people may feel overwhelmed by the complexities involved. Professional advisors play a crucial role in helping you navigate these complexities, ensuring that you understand the rules, your potential tax liability, and the strategies available to reduce your tax burden. With tailored advice, they can assess your estate […]

Navigating Inheritance Tax for Blended Families: Understanding Strategies and Implications

Inheritance tax can be a significant concern for blended families. As relationships become more complex, navigating the rules around inheritance becomes crucial. Understanding the specific allowances and exemptions available to blended families can help you protect your assets and ensure that your loved ones are cared for after your passing. One of the main challenges […]

How to Handle Inheritance Tax on Foreign Assets: A Comprehensive Guide

When dealing with inheritance tax on foreign assets, it's crucial to understand your responsibilities as an executor or beneficiary. Navigating the rules surrounding inheritance tax can be complex, especially when assets are located outside the UK. To effectively manage inheritance tax on foreign assets, you need to report them accurately and may benefit from relief […]

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