If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to ...

Sometimes, a parent will give money or property to a child or grandchild while the parent is alive. Gifts made while the gift-giver is alive are legally called “inter vivos” gifts. When there are ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business. Unfortunately, time and time again, a patriarch’s plans to pass his legacy on to ...

From self-assessment tax returns to HMRC struggles, the Telegraph’s tax expert, Mike Warburton, answered all the tax questions that have been bothering you. Last week, Mike shed a light into which ...

This could result in (or add to) your estate being charged inheritance tax. In most cases this will be paid from your estate ...

The estate pays estate tax before assets are distributed, while inheritance tax is paid by the beneficiaries who receive the ...

With inheritance tax (IHT) bills rising fast, giving financial gifts to your loved ones early could be a great way to reduce your inheritance tax bill. Last tax year, IHT revenues hit a record high of ...

The State Capitol in Albany (photo: Michael Appleton/Mayoral Photography Office) As New York State faces a severe budget shortfall and awaits federal aid, some lawmakers and activists are advocating ...