Nil Rate Band
Best Practice | 31 Mar 17
What the changes to the UK nil rate band mean for IHT planning
A staggering 70% of people have no understanding of the new residence nil rate band allowance coming into force on 6 April, which could have serious implications for their inheritance tax planning, warns Old Mutual Wealth financial planning expert, Rachael Griffin.
Tax & Regulation | 15 Nov 16
Majority of wealthy UK savers unaware of IHT changes
Around 75% of wealthy are unaware of the new ‘residence nil rate band’ inheritance tax allowance (IHT), due to be introduced in April next year, according to research by Canada Life.
Tax & Regulation | 22 Sep 15
New twist in IHT rules allows non property owners to gain
People do not need to own a property to take advantage of the new UK inheritance tax rules, according to a detailed technical note released by HM Revenue & Customs.