Inheritance Tax Planning

Inheritance Tax (“IHT”) is the tax paid on assets left when someone dies, after any IHT allowances or exemptions are applied. The current rate of IHT is 40%.

IHT may also be applied to certain lifetime transfers including transfers to trusts and also to outright gifts, if one fails to survive them by seven years.

Proactive IHT planning for your estate is the only way to protect your assets and maximise the amount you are able to pass on to your loved ones.

HOT TOPIC: Re-domiciling Offshore Companies to the UK

HOT TAX TOPIC: Re-domiciling Offshore Companies to the UK For a number of very good reasons, it was once (not all that long ago!) a popular piece of tax planning 

Offshore Trusts & UK Residents

Anti Avoidance, UK Beneficiaries, Non Residents, 10 year IHT Charges & Bringing Onshore The tax benefits of using trusts have been eroded over the last two decades – however, they 

Rieslings to be cheerful? HMRC revises IHT APR guidance

At present, there seems no shortage in professionals, taxpayers, action groups and MPs ready to suggest that encounters with HMRC can be sufficiently stressful as to drive them to drink. 

HMRC Updates Rules on Specialty Debts & IHT; The Facts

Inheritance tax and specialty debts: not so special? Following consultation with professional bodies, HMRC has updated its guidance on the inheritance tax treatment of specialty debts. A specialty debt is: 

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