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Stopfords

Inheritance Tax Planning Before 6 April

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Have you made use of your annual Inheritance Tax (IHT) exemptions? The annual exemption is £3,000 per donor (plus last year’s £3,000 exemption if you did not use it). Also consider making regular gifts out of your income to minimise the growth of your estate that will be liable to IHT. Gifts out of your surplus income are not subject to IHT if properly structured.

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Tax relief for the replacement of furniture, including white goods, is being reinstated where the expenditure is incurred on or after 6 April 2016

View article about Delay Replacing Furniture in Buy To Lets Until April 6 April 2016

Your maximum annual investment in ISAs for 2015/16 is £15,240. Your investment needs to be made before 6 April 2016.

View article about Have you used your 2015/16 ISA Allowance?

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