Whether you have earned your wealth, inherited it or made shrewd investments, you will want to ensure that as little of it as possible ends up in the hands of HM Revenue and Customs.
We can help, in particular in the following key areas:
Effective use of Wills and Trusts to minimise Inheritance Tax (IHT) liabilities. For instance, couples with assets in excess of £650,000 (including their house) can save £130,000 if their Wills are prepared appropriately.
Ensuring Capital Gains Tax (CGT) is not paid unnecessarily on second residential properties. Many people who have a holiday home or a rental property don't start to think about CGT until they are already in the process of selling. At this point it is too late, but by taking action at least 6, or ideally 12, months before selling it is often possible to save tens of thousands of pounds in tax.
Useful Links
IHT Guide Equity Release Guide
