Inheritance Tax and the Budget

Well George did as was widely expected, increased Inheritance Tax (IHT) to £1 million threshold for married couples and civil partners. Let’s see what I got right and how it affects you. Firstly, none of this kicks in until April 2017. Got that date right! However, we don’t get the full £500,000 allowance until 2020 [...]

By | 2017-05-19T16:12:58+00:00 July 13th, 2015|Money Stuff|0 Comments

Possible increase to Inheritance Tax Allowance

Well the well leaked rumour and gossip about George Osborne increasing inheritance Tax to £1 million in tomorrow’s budget is going to be great for virtually all of us. Right? Probably not. Currently a married couple (or civil partnership) have a maximum tax free allowance of £325,000 each or £650,000 as a couple. The expected [...]

By | 2017-05-19T16:12:58+00:00 July 7th, 2015|Inane Ramblings, Money Stuff|0 Comments