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Many thanks, you are a star! , very informative video,

Time is

Can we get a example of a couple who own two properties worth £550k each with no mortgage and will pass to children ?

Do inheritance law still apply if you are resident abroad.

I didn't pay a cent in inheritance tax.... Inherited a 40acre farm... Basically I took all my money out of my bank account a few years earlier and had my house in my partners name and also the car.. On paper it looked like I was broke af.... Based on that, I didn't pay a cent

What are the tax implications/liabilities if a parent were to gift a 500K home, to their child, and the child were to sell it immediately? Would the recipient (child who was gifted property), be liable for capital gains and/or IHT, even if the parent who gave them the property is still alive and well? The parent bought the property for 60k. I've had a look, and I believe it's the case that capital gains tax would only be applicable to appreciation from the value when it was gifted, meaning, if it's worth 500K, and sold immediately, there wouldn't be any capital gains tax liability for the child (adult), who it was gifted to. Am I correct or have I (and sources) got this entirely wrong? Thanks.

How to gift your residence to your child without incurring stamp duty and inheritance tax on a £850000 property

good video excellent

I have been given £50,000 from my parents estate after selling her home . She is still alive and the total estate is less than £325,000 if she dies with the money she is giving me included . Where is the best place for me to put my money ?.

Simon, my wife has recently died after putting her Pension Life Assurance( £415k ) in trust. Our residential property worth around £630k is also in trust both trusts are for the future benefit of our children. Can I disregard these values when submitting an application for probate? Thank you in advance for replying Adrian

Very helpful, thanks. I have a portfolio of 5 BTL properties, no mortgages, not owned within a company structure. Would these properties qualify for BAT? Thanks in advance

Hi Simon, great vids! I have a question, so: My father recently built a new home at the back of his residency for 150k three years ago. Market value is probably 450k now (currently on rent). The property is now under my name and the land registry since the start of this year, so its been gifted. Questions i have: 1) Does the 325k threshold apply per person? As i have 2 siblings 2) Now that the property is under my name, can I remortgage the property to meet the 325k threshold, or should my father had done that before gifting? (No trusts or mortgages involved)

Hi Simon, We have a life insurance policy which pays the remaining mortgage (rather high) on first death. Was advised to put this in a discretionary trust in order to be excluded from IHT. What are your thoughts?

hi Simon, great videos- all of them. Question please would a property rental company SPV financed via another service company (through the holding company) be 100% exempt from the IHT? There is a point on your last slide that loans and property investments are not exempt. One of the reasons I want to incorporate my 2nd house into the SPV is for IHT purposes, but if it not exempt, then I might reconsider altogether.

Very helpful thank you. If I set up trust funds for my kids it this effected by inheraten tax? :-)

Can a donor gift a percentage of their property i. e. 80% equity of the value instead a fixed amount of money for the purposes of the 7 years rule? Thank you

Any liquid cash. Buy gold coins and give to whoever. Cash in anyway in the world.

Hi , what is sufficient evidence for HMRC not to question a property gift in terms of it being a gift with reservation. I.e what proof is needed that the donee is no longer living in the property ?

I make money every year from royalties which I get from books that I have self published on Amazon. I publish as an individual and the tax I pay on the royalties are paid through self assessment. In my will, I have left the copyright for the books to my son, so that he will get the royalties in future. Is there any value to this for inheritance tax purposes?

Why minus company assets are you assuming this is money owed

Hi You did £150000 pension funds should be deducted from gross assets. That £150k, did she got it as tax free lump sum? Is the tax free lump sum from pension is IHT Tax free?

hello, may I ask if properties purchased and used as holiday accomodation with familiar online agents, formally declarred commercial properties by the council can be passed on to children who are small % shareholders of the company without iht? thanks

Tell us more about your situation here survey.zohopublic.com/zs/60Bz5M. Feel free to read our article www.optimiseaccountants.co.uk/knwbase/how-to-minimise-inheritance-tax/. Why not join us at one of our live events? Register here: www.optimiseaccountants.co.uk/monthly-seminars/.

Awesome

Free IHT Calculator: www.optimiseaccountants.co.uk/inheritance-tax-calculator/

NRB does it only apply if the residential home is being passed to a child or grandchild ?

Hi we have 2 properties in the UK both currently rented out and both joint owned by my wife and I is it possible to set up a business and transfer ownership of houses into the business then 2+ years will they be IHT free ? many thanks and great videos.

Thanks, that was very helpful. Do you automatically qualify for £175,000 RNRB on top of your £325,000 allowance if you do not have a mortgage and your estate is worth over £500,000?

When you say couple you mean married couple right

2020/2021 Update: See an updated video to gifting assets to children: kzfaq.info/get/bejne/f6uEfbmCl5vGh4k.html