Vale & West Chartered Accountants Blog

Category Archives:Inheritance

Could the IHT seven-year rule on gifts be cut to five?

At present, when someone dies within seven years of passing on money, property or possessions to loved ones, tax of up to 40 per cent must be paid. Read More

Are you aware of the inheritance tax risks associated with gifting?

According to new research conducted by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS), only one in four people who make financial gifts are aware of the inheritance tax (IHT) risks. Read More

HMRC reveals inheritance tax payments have hit a record high

According to data released by HM Revenue & Customs (HMRC) inheritance tax (IHT) payments have hit a record high. Read More

Gifts out of income and their benefits to beneficiaries

Giving away surplus income as a gift to family members is often promoted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts work in practice? Read More

HMRC considering reforming trusts that allow families to pay less inheritance tax

Hundreds of thousands of taxpayers could be affected by potential reforms of the financial arrangements that allow them to pass on their wealth. Read More

Address: 26 Queen Victoria Street, Reading, Berkshire RG1 1TG
Telephone: 0118 957 3238
Fax: 0118 956 7282
Email: accountants@valewest.com