Inside the members area you'll find lots of specialist inheritance tax planning articles.

New - Free UK Inheritance Tax Help! Members can access our new Inheritance Tax Consultancy Section. This includes detailed scenario based tax planning Q&A's. New Q&A's are to be added to this daily.

Free Inheritance Tax Guide Leaving The UK To Avoid Inheritance Tax Emigrating to avoid Inheritance Tax is completely different to emigrating to avoid Income Tax or Capital Gains Tax. In this special tax guide we look in detail at exactly how you can avoid inheritance tax by leaving the UK. Some of the topics covered include: Exactly how you can lose UK domicile by leaving the UK How your deemed domicile position will impact Practical issues you'll need to deal with when avoiding IHT by losing your domicile How to make the most of the Inheritance Tax exemption not only for overseas assets, but also for UK assets How to test your domicile status Best countries to move to to avoid Inheritance Tax . . . keep reading Free To Members. All tax guides are unique to WealthProtectionReport.co.uk and written by a Chartered Accountant and Chartered Tax Adviser.

Pay Less Inheritance Tax Inheritance tax and your family company 17/02/2010 Given the current rate of inheritance tax is 40% this can represent a substantial tax charge, particularly if you have valuable assets such as shares in your family company. In this article we look at when and how such shares can and can't qualify for inheritance tax relief . . . keep reading Using estate tax treaties to avoid the deemed domicile rules 15/02/2010 Irrespective of your actual 'domicile' you can be treated as a deemed UK domiciliary which will result in your worldwide estate being subject to UK inheritance tax. In this article we look at how estate tax treaties can be used to prevent you being classed as a deemed domiciliary and how this can avoid UK inheritance tax. . . . keep reading When the 7 year inheritance tax survivorship period can be avoided 30/12/2009 It's well known that you can make gifts of any assets within your estate and provided you survive for seven years they will be free of inheritance tax. This applies for transfers to trusts as well as individuals. However, if you or your relatives are old or infirm seven years may be too long. This article looks at the options for reducing inheritance tax without needing to survive for seven years . . . keep reading Transfers to a QROPS and UK Inheritance Tax 18/11/2009 Following a post in the forum, in this article we've considered the inheritance tax ('IHT') implications of a qualifying recognised overseas pension scheme ('QROPS') for both UK domiciliaries and non UK domiciliaries. . . . keep reading Emigrating from the UK to avoid Inheritance Tax 07/10/2009 Leaving the UK to avoid inheritance tax needs to be looked at completely separately from leaving the UK to avoid income tax or capital gains tax. Following requests from members we've looked in this article at how you would look to emigrate from the UK to avoid inheritance tax . . . keep reading Moving abroad to lose UK deemed domicile 13/07/2009 Many non doms living in the UK will be within the scope of UK inheritance tax ('IHT') on the basis that they have the UK as their deemed domicile. This will be the case if they've been resident in the UK for 17 or more of the last 20 tax years. In this article we look at the UK tax implications of moving abroad to lose deemed domicile . . . keep reading UK tax and gifting cash abroad 10/07/2009 If you're considering gifting overseas cash to family members you should ensure that you carefully consider the UK tax implications. In this article we look at the income tax and inheritance implications for both UK domiciliaries and non UK domiciliaries . . . keep reading Investing in commercial property tax efficiently 19/06/2009 Investing in commercial property is still popular, even given the current economic climate. In this article we look at the income tax, capital gains tax and inheritance tax implications of investing in commercial property . . . keep reading AIM shares & IHT relief 27/05/2009 Following a request on our forum we've looked at the position of AIM shares and when they will qualify for 100% inheritance tax relief. This article looks at the rules which govern when you'll qualify for inheritance tax relief including the differences for shares gifted during your lifetime and shares held at the date of death . . . keep reading How the £55,000 non dom IHT exemption works including examples 06/05/2009 We've had a few questions on this in the forums and therefore it's well worth looking at this in a bit more detail. It's well known that there is a £55,000 limit on transfer between a UK domiciled spouse and a non UK domiciled spouse, but this article looks at some of the less well known impacts of this rule . . . keep reading A review of the UK-US Inheritance tax/Estate tax treaty Estate tax treaties are very important in terms of mitigating inheritance tax. Although not as common as income tax treaties where they do apply they can be very effective. This article looks at the provisions and the implications of the UK-US estate tax treaty . . . keep reading Putting life insurance into a flexible gift trust or bare trust to reduce inheritance tax 09/03/2009 When planning for inheritance tax, any payouts under a life insurance policy can be included in your estate for inheritance tax purposes unless you arrange for the policy to be held in trust. This article looks at the tax implications of using a flexible gift trust or a bare trust to hold an insurance policy . . . keep reading Reducing CGT, IHT and income tax on a property investment portfolio by using mortgages 06/03/2009 Although the property prices have reduced significantly in the last few months many buy to let ('BTL') landlords will still be faced with a large potential inheritance tax charge given the value of their BTL portfolios. This article looks at the use of debt to get a 'triple whammy' and reduce inheritance tax, capital gains tax and income tax . . . keep reading Inheritance tax & joint insurance policies 23/02/2009 It's reported that most holders of life insurance policies don't put their policies in trust. This article looks at the benefits of writing life insurance policies in trust, and considers the inheritance tax position of joint policies . . . keep reading Inheritance Tax and Excluded Property Trust Question: If an individual is non dom and non resident and are very keen on returning to UK. If they set up an Excluded Property Trust for all of their offshore assets including Main residence & Investment bonds, would the assets be free of IHT once they are back in the UK as residents. Furthermore can they still have access to the assets within the trust should they need to sell the property held within the trust. On death what are the IHT implications should the beneficeries of wish to encash bonds and cash. . . . keep reading Step by Step guide to completing the form IHT402 for the transferable nil rate band. The transferable nil rate band is a massive tax break for most married couples (or civil partners). It effectively ensures that on the death of a surviving spouse they and their deceased spouse have had the benefit of two nil rate bands against their estate. This article shows you how it operates and how to complete the claim form. It includes extracts from the IHT402 claim form . . . keep reading Case study:Avoiding inheritance tax and capital gains tax on property 21/01/2009 Making use of the available inheritance tax ('IHT') and capital gains tax reliefs is crucial in avoiding or reducing tax.This article looks at a simple case study showing how by maximising the benefit of the interaction from CGT and IHT reliefs you can completely avoid inheritance tax and future capital gains tax . . . keep reading Non UK domiciliary and inheritance tax If a man is a non uk resident and non uk domicile, are his UK assets subject to IHT. If so - What are the IHT allowances - How much can he pass to his spouse without incurring IHT. Is it the total estate just like a UK resident, or is there a limit . . . keep reading Gift of cash by non domiciliary of overseas cash and UK inheritance tax exemption Do you think that a gift of cash from an overseas (Jersey) bank account by a non UK domiciliary to UK beneficiaries would be exempt for UK inheritance tax purposes? If not would it be a PET? Note that this will be an electronic transfer of the cash (not a cheque). Does it make any difference? . . . keep reading Inheritance tax questions, including transferring property to daughter Question: I have an inheritance tax question. My widowed mother, aged 88, owns a property which is valued in the region of £500,000 plus cash assets of approximately £70,000. Her daughter (aged 61), lives at the same property and has done so all of her life. Her only income is from interest on her savings. She has contributed greatly to the overall condition of the property and the well-being of my Mother she wishes her to be able to continue living in the property after her death. My Mothers current will splits the assets between me and my sister however I'm happy for her to be left the property if needs be. Are there any routes available based on this to reduce or avoid inheritance tax on my mothers estate? My Father died a few years ago and used his nil rate band so there will only be the one nil rate band for offset. . . . keep reading More

Inheritance Tax Articles