Many believe the 7-year rule wipes out Inheritance Tax on gifts, but if you still benefit from what you’ve given away, HMRC may treat it as though you never gave it up. This is called a Gift with Reservation of Benefit (GWR). Common traps include giving your home to children or putting it into a trust but continuing to live there rent-free. GWR rules can lead to unexpected tax bills and other risks — get advice before making large gifts.

Inheritance Tax changes are coming in 2026. Learn how to protect your business and legacy with expert planning advice.

Inheritance Tax is a voluntary tax—but only if you plan ahead. Let Toucan Law help you protect your estate.

Share wealth this festive season with lifetime gifting. Learn how to give tax-efficient financial gifts while reducing Inheritance Tax!

Charitable giving in your Will supports causes you care about and offers tax benefits. Explore how to create a meaningful legacy!

The 2024 Budget brings big changes to estate planning. Higher IHT, new pension taxes & capped reliefs mean it's time to review your plans!

Potential changes to Inheritance and Capital Gains Taxes could impact your estate planning. Plan now to protect your assets and reduce tax

Learn how gifting surplus income can help reduce inheritance tax, and why keeping detailed records is crucial to qualify for the exemption.

Understand the Inheritance Tax 7-year rule to avoid unexpected bills. Learn how careful estate planning can protect you and your loved ones.

Inheritance Tax (IHT) is a tax levied on the value of a deceased person's estate

Most people will want to provide financial security for themselves and their loved ones whilst also reducing tax liabilities.

There are major benefits to being married or in a civil partnership when it comes to inheritance tax. If you are married or in a civil...

Many people will consider making a gift to a charities in their Will and there are many benefits in doing so.

Inheritance Tax (IHT) remains a significant consideration for individuals seeking to safeguard their wealth and provide for their loved ones