tax

Taxation

In your lifetime you can create a trust into which you can place chosen assets, which you no longer need yourself. This reduces your own wealth and thus your exposure to inheritance tax – or maybe even wealth tax should that become a reality. By creating a discretionary trust in your Will for the benefit […]

tax

Inheritance Tax

By careful drafting, Inheritance Tax (‘IHT’) can be saved on the estate you leave behind. IHT considerations are important, particularly as the estate may easily exceed the current nil rate band (£275,000 from 6th April 2005). Remember that there is at present no specific IHT exemption for the family home. IHT is presently charged at […]