Inheritance tax is applied to estates that have a total value over the current threshold. For the 2023/24 financial year, that basic threshold is £325,000, and everything above that value taxed at 40 per cent. With rising property prices, more estates are now liable for inheritance tax. If you own ...
While tax may not be at the forefront of your mind when planning to get married, there are important tax benefits that reduce the tax liability of a married couple. The UK tax system makes specific allowances and incentives for married couples. These were first introduced as a means to incentivise m...