Transact Technical Centre
Welcome to the Technical Centre, giving you access to insights and articles from our experienced Technical Team.
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July 10, 2025
With the introduction of the Lump Sum Allowance (LSA) and the Lump Sum and Death Benefit Allowance (LSDBA) we have new methods for testing the...
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 10, 2025
In the run up to last year’s Autumn Budget there was considerable speculation over the tax breaks afforded to pension contributions and lump sum payments....
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 12, 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...