For most people, Inheritance Tax is an issue which only arises when a loved one dies (one exception to this being certain lifetime gifts into trusts). Recently published figures revealed that, where it is payable, the average Inheritance Tax bill in Guildford is £231,000.00. This shows that it is vital to get good Inheritance Tax advice.
Related Subjects
Advice from rhw
Inheritance Tax is an area that is currently under a lot of scrutiny by the Office for Tax Simplification (which probably won’t do what it says on the tin) so watch this space…as they say!
rhw are experienced in providing Inheritance Tax Advice and planning.
- Maximising use of available reliefs and exemptions including business property relief and other lesser known reliefs – We recently saved one family £350,000.00 in tax by utilising one such relief
- Advising on lifetime gifts (including gifts into trust)
- Ensuring that your Will is as tax efficient as possible
- Maintaining the tax benefits of existing trust arrangements
As it stands at the current time:
Other than gifts to a spouse, or charity (and also in some instances gifts to political parties – although surprisingly these are not very common!) which are exempt from tax, whatever the value, a certain amount of your Estate can be passed on inheritance tax-free; this tax-free allowance is called the