Tag: inheritance tax
-
Receiving Inheritance from Abroad – What UK Residents Need to Know
A clear guide for UK residents who receive inheritance from abroad. Learn when UK tax applies, how domicile affects IHT, and what income or gains you may need to declare when inherited assets start generating money.
-
How the 10-Year and Exit Charges Work on Trusts (Including 18–25 and Disabled Beneficiaries)
Understanding the 10-year and exit charges on trusts can be confusing. This article explains how they work in plain English — including the rules for 18–25 and disabled beneficiary trusts — and what trustees need to do to stay compliant with HMRC’s inheritance tax rules.
-
Gifting Property to Your Children (UK 2025/26) – Full Guide
This complete five-part guide explains everything you need to know about gifting property to your children in the UK — from Capital Gains Tax and Inheritance Tax to the 7-year rule, Gift With Reservation, and trust-based planning options.
-
Gift With Reservation – Why Living in a Gifted Property Can Backfire
If you gift your home but continue living in it rent-free, HMRC may treat it as still yours. Learn how the Gift With Reservation rule works — and how to avoid losing Inheritance Tax relief.
-
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.
-
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.
-
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.
-
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.
-
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.