Importance of Making a Will to Avoid Inheritance Tax in the UK
This article will discuss the importance of creating a will in inheritance tax planning, covering control over asset distribution, tax-efficient gifts, allowance utilisation, and strategic trust setups to minimize tax liabilities with professional guidance.
Residence Nil Rate Band | Inheritance Tax Relief
This article delves into the Main Residence Nil Rate Band (RNRB), introduced in April 2017, offering an additional inheritance tax threshold for transferring the family home to direct descendants. It covers qualifying criteria, relief mechanisms, tapered withdrawal, and the transfer...
