Lifetime Transfer Exemptions Navigating the intricate landscape of Inheritance Tax (IHT) can be daunting, especially when it comes to lifetime transfers. 1. Normal Expenditure Out of Income The first exemption…
Spousal Exemptions and Beyond In the intricate landscape of Inheritance Tax (IHT), understanding the exemptions applying to lifetime transfers and the death estate is crucial. One such exemption that plays…
Inheritance Tax (IHT) is a subject that often elicits confusion and concern. It is a tax on the transfer of wealth, primarily upon an individual's death. However, the implications of…
