The tax deadline in March is looming and it’s time to use it or lose it. Here’s how you can plan for your year-end tax 2022/2023.
Year-end tax planning 2022/2023
inheritance tax
Inheritance Tax – residence nil rate band
The residence nil rate band was introduced in April 2017 to provide additional relief from inheritance tax (IHT) when your home is left to your children or other direct descendants. The intention was to counter the fact that property values have increased significantly since the nil rate band was raised to its current level, £325,000, […]
