A few years ago, insurance company NFU Mutual analysed HM Revenue & Customs receipts and found that the average Inheritance Tax bill for the year 2018/19 was £199,000. £199,000! That’s a lot of money … By taking tax planning action in advance, it is possible to legitimately reduce the amount...
Read more
Tag Archives: IHT nil rate band
Main Residence Nil Rate Band
Posted in: News | , by AshtonGrace
Comments are closed
Main Residence Nil Rate Band A change in the law around Inheritance Tax (IHT) is a timely reminder to people – and their professional advisers – about the importance of reviewing their affairs regularly says Rachel Adetitun of Ashton Grace. Inheritance Tax is always a tricky issue and now people...
Read more
Summer Budget 2015: Inheritance Tax Threshold to Rise
Posted in: News | , by AshtonGrace
Comments are closed
As part of the conservative party manifesto and in the run up to the elections earlier this year, the conservatives promised to increase the Inheritance Tax (IHT) threshold to £1 million for married couples and civil partners. The aim was to enable more individuals to pass on the family home...
Read more