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 ...

A growing number of retirees plan to cut back on gifting to children and grandchildren due to rising financial pressures. The average retiree currently spends about £2,500 annually supporting younger ...

Inheritance tax is charged at 40% on estates worth more than £325,000, known as the nil-rate band. If your home is left to a direct descendant – typically a child or grandchild – an additional ...

Inherited assets from your loved one, whether in the form of cash, stocks or real estate, can be subject to inheritance taxes, depending on your relationship and inheritance value. While most states ...

If we gift my house to our daughter and continue to live in it, I understand we pay full market rent. After seven years, do ...