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Tag Archives: inheritance tax threshold

Budget 2016: Inheritance Tax

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With substantial changes planned in the rates paid for Income and Capital Gains Tax, it was unsurprising there were no major new announcements concerning Inheritance Tax (IHT). The Government instead reconfirmed its commitment to the new Residence Nil Rate Band (RNRB) introduced in the summer 2015 Budget: An extra £175,000...
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How to Avoid Inheritance Tax

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It’s estimated the government’s decision to freeze the Inheritance Tax threshold for another 6 years means that a million more families will be caught by the tax. Currently the Inheritance Tax threshold is £325,000 for individuals and up to £650,000 for married couples or civil partners. HOW DOES INHERITANCE TAX...
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