Steve Kerby's Blog - Inheritance Tax

The pre budget speech introduces the transferable exemption between spouses to prevent the exemption being wasted. A common planning technique over the years has been to incorporate nil rate trusts into wills to prevent the loss on the first death. The question now arises as to whether these should be removed from the wills or not.

Inheritance Tax

posted on Friday, November 09, 2007 1:17:54 PM (GMT Standard Time, UTC+00:00)

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Monday, November 05, 2007

Nil Rate Bands For Inheritance Tax

The 2007 pre budget speech introduced the transferable exemption for inheritance tax for a married couple.This means that if upon the death of the first spouse the exemption is not utilised it can be used upon the death of the second spouse.The current exemption is £300,000.

Inheritance Tax

posted on Monday, November 05, 2007 8:34:00 AM (GMT Standard Time, UTC+00:00)

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About Steve

Steve Kerby has an impressive broad spectrum of expertise. He started his career with a small firm, learning the rudimentarys of bookkeeping, and now finds himself on the alumni of Price Waterhouse Coopers, the largest firm of accountants in the world, where he developed his auditing skills. The technical and ever changing minefield of taxation issues is now a large focus for Steve, making him an invaluable member of the Corporate Finance Team.

Disclaimer
The opinions expressed herein are my own personal opinions and do not represent Nicholsons view in anyway. The contents of this blog are for general information only. It should not be relied on, and any action which could affect your business should not be taken without appropriate professional advice. Please contact Steve Kerby or your usual contact at Nicholsons for more information.