Many taxpayers have heard of a ‘seven-year rule’ for inheritance tax (IHT) purposes. It is widely assumed that lifetime gifts escape the IHT net if the donor survives at least seven years after making the gift. Whilst this is generally true, what happens if the donor dies within seven years of making gifts – is […]
As the days start to lengthen and the end of the tax year (5 April) approaches, it is a good time to consider whether any action should be taken to ensure that available tax reliefs and opportunities are maximised. This is a wide subject, but there are some basic steps that can be considered by
It’s That Time Again! Year End Tax Planning Read More »
