Gifts with reservation of benefit: Beware you don't continue to benefit from a gift once it's been handed over, or it can end up back in your estate and liable for inheritance tax.

Chancellor Rachel Reeves reportedly has inheritance tax in her sights again with potential changes to limit the gifts loved ...

Reeves is looking at measures to increase revenue from inheritance tax by tightening gift rules, a move that may ...

If a gift exceeded that amount, say, it came to $23,000, the IRS would levy taxes on the $4,000 differential - but only if the Lifetime Exemption has not been cumulatively surpassed.

In other words, unless the gift-giver wrote out a note while giving the inter vivos gift, with the note stating that the gift was to be an advance of the gift-receiver’s inheritance, the gift is ...

RACHEL Reeves is rumoured to have set her sights on changes to inheritance tax as a way to fill the £50billion blackhole in ...

Gifts made more than seven years before death are exempt from inheritance tax. Taxpayers also have a £3,000 annual gift allowance – which is designed to cover events including birthdays and ...

The Chancellor is eyeing changes to the amount people can gift to family during their lifetimes, which impacts how much ...

The Treasury is reportedly considering a lifetime cap on the value of gifts a person can make before death without incurring ...

If your loved one was generous with gifts then unless they kept good records you might have to turn detective when filling in ...