If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to ...

Sometimes, a parent will give money or property to a child or grandchild while the parent is alive. Gifts made while the gift-giver is alive are legally called “inter vivos” gifts. When there are ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business. Unfortunately, time and time again, a patriarch’s plans to pass his legacy on to ...

More tightening of the rules around inheritance tax – especially around gifting – could potentially be coming in the Budget.

With inheritance tax (IHT) bills rising fast, giving financial gifts to your loved ones early could be a great way to reduce your inheritance tax bill. Last tax year, IHT revenues hit a record high of ...

From self-assessment tax returns to HMRC struggles, the Telegraph’s tax expert, Mike Warburton, answered all the tax questions that have been bothering you. Last week, Mike shed a light into which ...

Of the 14,030 ‘gifts gone wrong’ that were liable for inheritance tax in 2022-2023, the average value of them was £171,000 ...

More than half of households blasted death duties as unfair, more so than capital gains tax, alcohol duty and income tax.

Thousands of grieving families were hit with shock inheritance tax bills of up to £1.4m because their relatives died within seven years of passing on gifts, data shows. In the tax year 2020-2021, ...