Transact Technical Centre - IHT
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August 7, 2025
The announcement in last October’s Budget that ‘unspent pension funds’ would be in scope for inheritance tax (IHT) from April 2027 has caused considerable reflection...
July 3, 2025
Last autumn’s Budget announced a maximum allowance of £1m per person for qualifying business and agricultural assets that will receive 100% IHT relief with effect...
June 5, 2025
Generally, once a gift has been made it cannot be ‘undone’ as doing so cancels the inheritance tax planning objectives. However, where someone’s estate is...
May 10, 2025
Whilst you can give any amount away as outright gifts, and IHT may only be payable if you die within seven years of making each...
April 11, 2025
Income is distributed to a beneficiary with a 45% tax credit which is shown on form R185. The beneficiary can then reclaim the difference between...