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  • Gary Lumb

Inheritance Tax and gifting guide

If your estate could be liable for Inheritance Tax (IHT), gifting is one solution for passing on wealth while reducing the bill that could be appropriate for you. Our latest guide explains the basics of IHT and what you need to consider if you want to make gifting part of your long-term financial plan.


The guide covers:


  • What Inheritance Tax is and when it has to be paid

  • What Potentially Exempt Transfers (PET) are and how they affect IHT

  • Gifting allowances that allow you to pass on wealth or assets to loved ones free from IHT

  • How a charitable legacy can reduce an IHT bill

  • Reliefs that allow you to gift certain assets free from IHT


Click here to download your copy of our Inheritance Tax and gifting guide.

IHT can significantly reduce what you leave behind for loved ones, but there are often things you can do to reduce the bill. If you’re worried about IHT, please contact us. We’ll help you put a plan in place that considers your legacy, including gifting where appropriate.

Please note: The Financial Conduct Authority does not regulate estate or tax planning.

Yorkshire Rose Financial Planning Ltd is an appointed representative of Sense Network Ltd which is authorised and regulated by the Financial Conduct Authority. Yorkshire Rose Financial Planning Ltd is entered on the FS Register (www.register.fca.org.uk) under reference 778188 and registered with Companies House England and Wales No. 10708121.

Registered Office: Parkhill Business Centre, Walton Road, Wetherby, LS22 5DZ

 

The information contained within this website is subject to the UK regulatory regime and therefore targeted at consumers based within the UK. The Financial Conduct Authority does not regulate Tax Advice or Workplace Pensions

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

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