Business Tips

What gifts are free of Inheritance Tax (IHT)?

Inheritance tax is normally payable upon the death of an individual, but can also be due during the lifetime of an individual when they make a chargeable lifetime transfer. However there are a number of lifetime gifts that can be made free of IHT, including: Small gifts of up to £250 per person A number…

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Can I Change my Company’s Memorandum of Association?

Generally, since the Companies Act 2006 was introduced the memorandum of association cannot be altered and is a purely historical document. A memorandum of association is filed with Companies House along with the company’s articles of association during the formation of a company. The purpose of the memorandum of association is to show the subscribers’…

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