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The Seven-Year Restriction Law Regarding Inheritance
According to official statistics, an increasing number of families are receiving gifts subject to inheritance tax after breaking the seven-year restriction. So, what is the seven-year restriction and how is it affecting UK families? Read on to find out. What Is the...
Inheritance Tax – Should the UK Follow Other Countries?
Between April and June 2024, UK inheritance tax receipts reached £2.1 billion, a rise of £83 million over the same period the previous year. However, according to research from a reputable think tank, the UK could generate more money from inheritance tax if they...
Do You Know The Value of Your Parent’s Home?
Have you researched the value of your parent’s home? According to a recent study, 50% of participants said they have, and 2/5 think they would use inheritance to buy a home. According to recent research, the majority haven’t even brought up their...