The settlements legislation is designed to ensure that where a settlor retains an interest in settled
Settlor retains interest in settled property
Category: Inheritance Tax
The 7-year gift rule is still available
The 7-year gift rule is still an available option for those making lifetime gifts, offering a way to
Tax on inherited property, money or shares
As a general rule, someone who inherits property, money or shares is not liable to pay tax on the
Changes to Agricultural and Business Property Relief reforms
The government recently announced significant changes to the planned reforms to Agricultural Property
Agricultural and business property relief changes
Agricultural and business property relief changes that were first announced at Autumn Budget 2024 will
IHT treatment of unused pension funds and death benefits
The 2027 reforms will shift more responsibility to personal representatives, who may need to manage
Inheritance Tax and CGT relief for national heritage assets
Certain buildings, land, works of art, and other objects of national significance may be exempt from
Gifts with reservation of benefit
Gifting assets can cut inheritance tax, but traps like “gifts with reservation of benefit”
Unused pension funds and IHT from April 2027
From 6 April 2027, new measures first announced in the Autumn Budget 2024 will come into force. These
Trusts and Income Tax
Trustees must manage assets, follow tax rules, and register with HMRC where required.
A trust is a legal