When a second parent dies in the UK, the protective tax-exempt status of a marriage or civil partnership officially ends. The entire combined estate becomes fully exposed to HM Revenue & Customs (HMRC), typically triggering an Inheritance Tax (IHT) liability if the total asset value exceeds your family’s available thresholds. Executors must calculate the total […]

The dividend allowance 2025/26 is a tax-free limit of £500 available to all UK individual taxpayers, regardless of their non-dividend income levels. This nil-rate band allows investors and business directors to receive a specific amount of dividend income before any personal tax liability is triggered. For the 2025/26 tax year, the dividend allowance remains at […]