The general rule is that ISA savings can be effectively added to your spouse’s ISA, and then passed on to any beneficiaries named in your will, or, if you don’t have a will, through the laws ...
Inheritance tax is paid on the value of the assets that a person leaves behind when they die. It can also apply to some gifts that are made before someone dies.When you die, your ‘estate’ is ...
Investments that qualify for Business Property Relief (BPR) can be passed on free from inheritance tax upon the death of the investor, provided the shares have been owned for at least two years at that time.Below ...
You often hear this: people start a new business to “scratch an itch”. This is certainly true in my case. I had recently left Hargreaves Lansdown where I was a director and shareholder. Having sold some ...
Have you noticed how these days everyone is an entrepreneur? One in five UK adults is – or plans to be. Indeed, nearly 590,000 new businesses launched last year alone. Statistically only half of them will ...
With ISAs, the tax sting is in the tail. They’re very tax efficient during your life, but on your death (or your spouse’s death if later) your fund could be subject to inheritance tax (IHT) at ...
AIM is often regarded as a poor-quality market, filled with small, early-stage and highly speculative companies, which have disappointed investors year after year. Is this an empty prejudice or an accurate, if a bit simplistic, description ...