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 ...

More tightening of the rules around inheritance tax – especially around gifting – could potentially be coming in the Budget.

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 ...

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 presents are unwrapped, and gifts exchanged. But that gift with your name on it, or that new vehicle in the driveway with a big bow on top, is it really yours? Or, in the event of a divorce or ...

The Treasury ruled out relief changes to Inheritance Tax earlier this week despite recommendations from the Office of Tax Simplifications (OTS) to the contrary. As it turned down suggestions to ...