Category: Taxation
Your Wealth, Your Legacy
If you have significant assets, you may be wondering whether inheritance tax (IHT) affects you. Worryingly, some families appear to be shying away from difficult conversations, as almost half (47%) of UK adults say they have never discussed inheritance matters...
Inheritance Tax Planning: the Basics
There are many things to consider when looking to protect your family and your home. Protecting your estate is ultimately about securing more of your wealth for your loved ones and planning for what will happen after your death to make the lives of your loved ones much easier.
Passing on Wealth Without Further Tax Charges
On 6th April 2017, a new additional main residence nil-rate band (RNRB) was introduced, which allows for less inheritance tax to be paid in situations when a family home is left to children, grandchildren or certain other ‘qualifying beneficiaries’ – including stepchildren and foster children...
Guide to 2016/2017 Year End Tax Planning
The 2016/17 year end for tax planning purposes is now only a matter of months away, with the deadline approaching on 5 April. Effective tax planning is about knowing the personal and business taxes you are liable to pay and acting to legally minimise them...