For all of us, a big question is when do I have to pay inheritance tax?
Not only is it importance to know when you have to pay inheritance tax, but also, and of equal importance, is knowing how to avoid inheritance tax UK.

Here we look at 6 top tips to avoid inheritance tax in the UK or how to reduce the amount of inheritance tax you may have to pay. We look at the nil rate band for inheritance tax, rules of intestacy, rules around gifting, tax deductible charity donations, how to remove assets from your estate legally and how to protect your home so that you do not need to sell it to cover care home fees. We also explore whether pensions are subject to inheritance tax.

Even if your estate falls below the inheritance tax threshold, it is still important to do estate planning to ensure that your assets are inherited in accordance with your wishes rather than the rules of intestacy and so that the probate process and liquidating your assets goes smoothly.

We also explore how to protect your ISA from inheritance tax, additional permitted subscriptions, AIM stocks and using trusts to protect assets.

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Key HMRC Inheritance Tax Links:
HMRC Gov.uk Inheritance Tax: https://www.gov.uk/inheritancetax
HMRC Gov.uk Inheritance Tax Gifts: https://www.gov.uk/inheritancetax/gifts
HMRC Gov.uk Inheritance Tax Gifts IHT403 Record form for Gifts: https://www.gov.uk/government/publica...
HMRC Gov.uk Inheritance Tax Business Relief Tax: https://www.gov.uk/businessreliefin...

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Keywords:
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DISCLAIMER: This is NOT financial advice, it is financial education. Be sure to seek a professional financial advisor for advice tailored to your needs.

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