Thinking of gifting your house to your children?
Inheritance tax: Does gifting my house reduce it? If there is one thing that seems to be a common concern and annoyance to this setting up their will, it is the idea of their loved ones paying inheritance tax. Inheritance is a tax that has been created to be charged to those who are inheriting money or a property from someone in their will. The charge for inheritance tax is 40% and it applies to an estate that is worth more...