Inheritance Tax is charged at 40%.
We can advise on the steps you can take to reduce or eliminate the tax burden. Advice can be given on tax saving by:-
- Lifetime Gifts
- The creation of trusts
- Properly prepared wills
The increases in property values of recent years mean that more and more people are potentially liable for inheritance tax. We can discuss with you how your Will can be made tax effective. Possible methods of saving tax will include:-
- The use of the nil-rate band
- The use of discretionary trusts particularly in relation to the matrimonial home
Where husband and wife co-own the matrimonial home there is scope in appropriate cases for substantial tax saving.
We can help to protect your savings for the benefit of the next generation in the course of preperation of you Will. If you are interested in inheritance tax planning please do not hesitate to make contact with us.
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