Pass on your house free of IHT. The introduction of the residence nil rate band (RNRB) opens up the possibility of leaving the family home to successive generations without triggering an inheritance tax charge. Pass on your house free of IHT The introduction of the residence nil rate band (RNRB) opens up the possibility of […]
Tag: Inheritance
Inheritance
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Using loan trusts to save IHT
A loan trust can be used as a vehicle to save inheritance tax, whilst retaining the ability to access the funds lent to the trust. A loan trust can be used as a vehicle to save inheritance tax, whilst retaining the ability to access the funds lent to the trust. How does it work? There […]
Under current HMRC rules you may have to pay tax after your death, in the form of inheritance tax (IHT). The rules are complex. Not everyone pays Inheritance Tax. “In this world nothing can be said to be certain, except death and taxes.” So said Benjamin Franklin. Ben was clearly an accountant at heart as […]
