by johnireland | Articles
Most people know that gifts can reduce an Inheritance Tax bill if you survive seven years. Far fewer know about an exemption that works immediately, with no waiting period at all, and no cap on the amount involved. It is called normal expenditure out of income, and it...
by johnireland | Tax Talk
There is an Inheritance Tax exemption that works immediately, with no seven-year wait and no cap: gifts made from normal expenditure out of income. To qualify, a gift must come from income (not capital), be regular or habitual, and leave you able to maintain your...
by johnireland | Articles
Every few months, a client sits across the desk from me and asks some version of the same question: “If I give the house to my children now, will the council still count it when I need care?” It is a fair question. Care home fees can run into tens of...
