When do I have to pay INHERITANCE TAX UK

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Information When do I have to pay INHERITANCE TAX UK

Title	:	When do I have to pay INHERITANCE TAX UK
Lasting	:	14.44
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Inheritance tax is a money spinner for hmrc they won't be in a hurry to cut it anytime soon it's all about the money as always
Comment from : Brian Shefford

Thanks for the very helpful video Is the deceased's ISA savings - if given to their children - taxed at 40 ?
Comment from : Mal van London

Well explained
Comment from : Gutenmorgenside 2021

The gov doesn’t tax you to death Wha wha! The gov builds roads, schools, pays police, etc! People that avoid a reasonable inheritance tax is a deadbeat We cannot continue to concentrate wealth
Comment from : Don McKechnie

Yes spend it and enjoy while you can
Comment from : stevan harrison

So if you inherit 50,000 in the bank and a house worth 75,000 you don’t have to pay inheritance tax is that correct ?
Comment from : Rita Thomson

Misleading video - It's entitled "when do I have to pay inheritance tax UK" but after watching the whole 15 minutes it does not answer this question whatsoever It only tells you how to avoid some of the tax For example is it due BEFORE I sell the property?
Comment from : David Trunks

To avoid inheritance tax just get in touch with the little man Charlie at the Palace He is an expert on how not to pay inheritance tax
Comment from : Pete Witkowski

7yr rule ,so if survive longer than 7 yrs the amount that you gifted is iht free, but cgt free? does it meaning gifting any amount? gifting to whoever? <18 children , brothers, parents, nephews, friends?
Comment from : Nixon Chan

Very informativethanx
Comment from : AMANDA DODGSON

Inheritance Tax would be illegal if the mafia did it, but a govt? Oh, that's totally normal!
Comment from : Philip Marc

Probably better making written copies of wills sometimes even solicitors loose them, can register will too
Comment from : Mark Littler

Duke of Westminster aged 27 and his sister inherited £2 Billion inheritance tax free
Comment from : Mark Littler

Best of my knowledge a trading company gets passed to relatives inheritance tax free like a sweet shop if it's been trading at least two years a company is only few hundred to form But check with accountant yourself
Comment from : Mark Littler

Hello Helena,brI am using the gift out of income for my father's probate, but find the regularity part very vague: how strict is HMRC on the regularity: for example will payments of say between £1000 and £2000 every three months, but not on specific date be acceptable as "regular"brbrAnd the other question, is it okay if these payments were to different members of the family? Son and Grandchildren for example? Or must they be to only one designated person (at any one time)?
Comment from : Le Rouretan

Hi, I’m just wondering my grandad has left me and my brother 25 and my mum 50 of his property valued at 280k (probate) now because I will be receiving 25 and I own another property under 125k will I be subject to any tax? My brother and mother the other recipients do not own a property as of yet? Thanks
Comment from : Joe Hayes

Amazingly clear vidwo, thanks Cleared up a lot of my questions
Comment from : RunningMan

The Probate Office isn't the problemthe problem lies closer at hand
Comment from : Video Outtakes

Just for info, the care home funding guidelines from the Scottish Government say that putting your property under trust would not avoid care home fees
Comment from : Steve Thomson

Hi quick question, my dad owned a home worth 800k, my dad didn't use his 325k threshold allowance Now my mother owns the home If she sells and gifts the children cash of 700k do we only pay inheritance tax on anything over 650k? (the 50k) if she passes away within 7 years?
Comment from : tarakkhandakar

Excellent video I had to trawl though so much pointless dross to find this gem
Comment from : Musheo Peaus

Thank you Helena You have covered in a very simple but helpful way something that is quite time consuming to uncover - how to calculate the Residence Nil Rate Band (the £175,000 extra threshold that may apply to some estates)
Comment from : Mike Royce

So hard to find nice content like this I don't know who, but someone actually needs to hear this, you've got to stop saving all your money Venture into investing some, if you really want financial stability
Comment from : Pete kelvin

Very useful, thank you
Comment from : Serraios198

Is life policy is also subject to inheritance tax? I assume it is
Comment from : Hank Barnes

Thanks for sharing
Comment from : Dipesh Mistry

Excellent video, so helpful, as always!
Comment from : MadderPrinciple

Well done Helena!! Really useful info on an area that is and will impact on more and more people! Thanks 🙏
Comment from : Edmund Bailey

Very useful information - thanks
Comment from : Rob Bloom

There are a number of ways to reduce or eliminate the amount of inheritance to be paid on our estate or the estate of our families Here are top tips to help you plan to avoid or reduce paying inheritance tax, which is an average of £200k in the UK
Comment from : Bouncing Back