who was then struggling to hold his owninheritance. During his seven years' residence in London, Wilkins became the friend, perhaps the leader, of the natural philosophers, who later formed themselves into the Royal Society. Thus, before he had reached "the middle of the way of life," he ...
enabling up to £325,000 of an estate to be passed on without having to pay any IHT. There is also a residence nil rate band worth £175,000 which allows most people to pass on a family home more tax efficiently to direct descendants. However, this tapers for estates ...
These duties were eventually abolished and consolidated into one tax that applied to the estate at the date of death, but even today it is quite common for the expression 'death duties' to be used to describe inheritance tax (IHT). Estate duty was the principal tax levied on the value of...
The ‘dower principle’ of passing on a residence while still alive can have advantages if you’re trying to minimise IHT — but there are pitfalls September 25 2024 Your QuestionsLucy Warwick-Ching What investments can I use to limit my inheritance tax liability?