Title | : | When do I have to pay INHERITANCE TAX UK |
Lasting | : | 14.44 |
Date of publication | : | |
Views | : | 13 rb |
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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 |
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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 |
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Well explained Comment from : Gutenmorgenside 2021 |
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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 |
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Yes spend it and enjoy while you can Comment from : stevan harrison |
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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 |
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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 |
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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 |
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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 |
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Very informativethanx Comment from : AMANDA DODGSON |
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Inheritance Tax would be illegal if the mafia did it, but a govt? Oh, that's totally normal! Comment from : Philip Marc |
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Probably better making written copies of wills sometimes even solicitors loose them, can register will too Comment from : Mark Littler |
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Duke of Westminster aged 27 and his sister inherited £2 Billion inheritance tax free Comment from : Mark Littler |
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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 |
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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 |
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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 |
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Amazingly clear vidwo, thanks Cleared up a lot of my questions Comment from : RunningMan |
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The Probate Office isn't the problemthe problem lies closer at hand Comment from : Video Outtakes |
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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 |
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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 |
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Excellent video I had to trawl though so much pointless dross to find this gem Comment from : Musheo Peaus |
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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 |
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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 |
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Very useful, thank you Comment from : Serraios198 |
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Is life policy is also subject to inheritance tax? I assume it is Comment from : Hank Barnes |
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Thanks for sharing Comment from : Dipesh Mistry |
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Excellent video, so helpful, as always! Comment from : MadderPrinciple |
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Well done Helena!! Really useful info on an area that is and will impact on more and more people! Thanks 🙏 Comment from : Edmund Bailey |
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Very useful information - thanks Comment from : Rob Bloom |
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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 |
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