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 [...]
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 [...]
If you have property outside of the EU then this is interesting but pretty much irrelevant … sorry. If you have a holiday or other assets within the EU then currently you have to have a Will in that Country. You also have to consider that other countries have rules which mean that you MUST give [...]
