SJB & Co Chartered Accountants

Inheritance tax

August 2023 Update

Hello everyone, this month we are covering tax investigations, tax return completion, child benefit and inheritance tax – is it relevant to you?   As always, if there are any questions please let me know.Kind regardsSimon Tax investigationsThe thought of a tax investigation or visit from HMRC can be worrying for many. Some HMRC enquiries are …

August 2023 Update Read More »

Inheritance Tax (IHT) – Tax Free Gifts 2022-23                  

IHT is payable when a person dies, and their estate exceeds certain limits. It is also potentially payable on gifts made by an individual during their lifetime if the gift was made in the seven-year period prior to their death. Small lifetime gifts can be exempt. These include: Larger lifetime gifts are potentially chargeable to …

Inheritance Tax (IHT) – Tax Free Gifts 2022-23                   Read More »