FOR FINANCIAL ADVISERS ONLY

FOR FINANCIAL ADVISERS ONLY

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Lifetime Gifts

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Absolute or discretionary trust and IHT

The following article provides information about inheritance tax planning for UK domiciled individuals where a gift has been made and the individual does not require access to capital or withdrawals.
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UK IHT and chargeable lifetime transfers

This article aims to explain the inheritance tax reporting requirements that are now in place and what this means for Old Mutual International’s trusts.
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IHT reporting thresholds

New reporting threshold regulations on Inheritance Tax (Delivery of Accounts) (Excepted Transfers and Excepted Terminations) came into force on 6 April 2008, and apply for the 2007/08 tax year onwards.
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Normal expenditure out of income

This article explains the inheritance tax planning benefits of making regular gifts out of income. This article assumes that you are familiar with the basic workings of inheritance tax.
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Making regular IHT gifts out of income

The following illustrative case studies demonstrate how making gifts out of income to use the normal expenditure out of income exemption can work in practice.
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14-year rule when making gifts

This article outlines why it is important for an adviser to establish the full gifting history of a settlor who makes gifts into discretionary trusts for inheritance tax purposes.
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Making gifts – order of gifting

When making gifts for IHT purposes, it is essential to consider the order in which gifts into trusts are made. The order in which gifts are made will dictate the future taxes applicable to the trusts created.
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Inheritance Tax (IHT) planning - using your tax allowances

The following case study illustrates a typical IHT planning issue for UK domiciled clients along with potential solutions. A full fact find would need to be completed to assess suitability of the potential solutions by the adviser. The solutions are based on exemptions and allowances available under the rules in force at the date of this article for the tax year 2015/16.
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Regular premium policies and exemptions

Various exemptions are available to individuals who wish to give assets away so that they are immediately no longer included in their ‘estate’ for inheritance tax (IHT) purposes.
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How to complete IHT100 and IHT100a forms

Completing the IHT100 Forms following the declaration of an Old Mutual Wealth/Old Mutual International Discounted Gift Trust (Discretionary version) or Old Mutual Wealth/Old Mutual International Discretionary Trust (Settlor excluded and Settlor included versions).

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