IHT, short for Inheritance Tax is a tax introduced by the Inheritance Tax Act 1984.
IHT, short for Inheritance Tax is a tax introduced by the Inheritance Tax Act 1984.
Where a person holding an ISA dies leaving a surviving spouse or civil partner, that surviving spouse or civil partner is entitled to an additional tax-free amount up to the value held in the deceased’s ISAs at the date of their death, as well as their own annual subscription.
By now you have probably heard about the Residential Nil Rate Band (RNRB), which has also been referred to as the Main Residence Nil Rate Band or simply ‘the family home allowance’.
Avoid intestacy If you die without making a Will, known as dying intestate, then your assets will be distributed according to the rules of intestacy. This will mean that the people you would like to receive your estate may not necessarily inherit it. Appoint executors Executors are the people you choose to carry out your...