Chancellor of the Exchequer Jeremy Hunt presented the Autumn Statement to Parliament on 17 November 2022 and confirmed that Inheritance Tax will remain frozen. Both the Nil Rate Band and Residence Nil Rate Band were frozen at their current values of £325,000 and £175,000 respectively until April 2026 under the...
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Tag Archives: IHT
Minimising your Inheritance Tax Bill with Property
Posted in: News | , by AshtonGrace
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We consider how property ownership can reduce your Inheritance Tax bill. The Residence Nil Rate Band In addition to the Nil Rate Band of £325,000, there is also a property allowance available which can allow a greater portion of your estate to be taxed at 0%, the ‘Nil Rate’. The...
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Bank of Mum and Dad
Posted in: News | , by AshtonGrace
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Bank of Mum and Dad New research shows that UK parents lend their children eye-watering amounts of money a year to help them on to the property ladder. But what do you need to know before making that bank transfer? The doors are open at the Bank of Mum and...
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Summer Budget 2015: Inheritance Tax Threshold to Rise
Posted in: News | , by AshtonGrace
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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...
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