Tag: inheritance tax
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Inheritance Tax and the 7-Year Rule – What You Need to Know
The 7-year rule can remove gifts from your estate for Inheritance Tax, but only if you survive long enough — and don’t keep using the property. Learn how taper relief and HMRC’s “gift with reservation” rules apply.
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What Counts as a Gift in the Eyes of HMRC?
Many parents want to share property with children during their lifetime to avoid disputes later. But HMRC has strict rules on what counts as a gift. Learn how Capital Gains Tax, Inheritance Tax and the settlements rule apply, and avoid costly mistakes when gifting or transferring property.
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The Most Common Mistake People Make When Gifting Property (UK Tax Rule)
Gifting property while still using it may not reduce your Inheritance Tax bill. Here’s how the Gift With Reservation rules really work — and how to avoid the trap.
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Can You Sell a Property to Your Child Below Market Value? (UK Tax Rules)
Selling a property to your child at a discount might seem generous — but for HMRC, it’s a part-sale, part-gift. Here’s how it affects your tax bill.
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Using Trusts to Manage Property Tax – What You Need to Know (UK)
Putting property into a trust might seem like a tax-saving move — but it can trigger CGT, IHT, and admin rules. Here’s what landlords and owners must know.
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Gifting Your Home to a Family Member: What Are the Tax Implications?
Thinking of gifting your home to a child, nephew, or other family member? Before you act, find out how Capital Gains Tax, Inheritance Tax and SDLT could apply.
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Transferring Property to Your Spouse or Children: What Taxes Apply?
Gifting a property to a spouse or child? It’s not always tax-free. This guide explains what HMRC expects around CGT, SDLT, rental income, and inheritance tax.