Our inheritance tax planning solicitors can advise you on how best to structure and deal with your assets to make the most of current tax-saving possibilities.
We are able to advise on inheritance tax planning, capital gains tax and pre-owned assets tax. Not only do our solicitors have the expertise to guide you through the complexities of these various taxation regimes, but we are equipped to advise those individuals who have business interests amongst their assets.
We also offer in house accounting services, covering the preparation of trust and estate accounts, the calculation of tax liabilities and the preparation and submission of tax returns for individuals, trusts and estates.
In this episode, Simon Garner discusses Inheritance Tax and Declarations of Trust. Simon will explain what Inheritance Tax is. He also describes how most estates don’t fall within the Inheritance Tax threshold because they can make use of certain exemptions and reliefs.
Graham and Aysha’s circumstances raise several important issues that should be discussed. Apart from the obvious step of writing their Wills, they should perhaps think about their inheritance tax planning to protect their assets as far as possible, as well as making lifetime gifts and creating a family trust that could avoid family disputes later.
