Inheritance Tax (IHT) Advisors

Inheritance tax consultation for landlords

Seeking inheritance tax advice isn’t compulsory.

It does help you and your loved ones get to grips with your potential IHT liability. You will want to ensure that you don’t pay more than is required. Your loved ones should benefit from your hard work and benefit from the wealth & legacy assets you have created.

Inheritance tax advice

Like many taxes in the United Kingdom, Inheritance Tax (IHT) is avoidable if you plan. There is nothing worse than writing a will and allocating 40% of your wealth to HMRC rather than your children, other family members, friends or charities.

Did you want to gift HMRC 40% on your death?

The sad reality is that many people do not think about IHT until it is too late. You can create a legal, practical, and effective IHT mitigating plan with our support.

How to minimise IHT

There are simple things that you can do today to minimise tomorrows IHT

Our approach is simple and effective as we work with you to minimise Inheritance Tax that could be paid to HMRC if no plan is implemented.

Make sure you read our article about UK IHT mitigation:

Our goal is to maximise your family wealth whilst reducing HMRC’s tax liabilities.

Why are people paying 40% of their wealth to HMRC?

1 – They are not planning ahead or at all. Assets grow, as does their IHT liability

2 – They plan too late. Many people will make plans when they are getting older or becoming ill. Many tax avoidance issues prevent these plans from saving you IHT.

3 – Money is tied up in assets that are subject to Inheritance Tax when they could be converted. Not only will you save IHT, but you may also save on income tax or Capital Gains Tax if appropriately restructured.

4 – There are no plans or documentation to say how assets will be passed down. This may cause other issues other than tax, but why not ensure your assets are passed to those you want.

5 – People do not make gifts to children because they worry about what might happen. Trusts is a great tool to save both Inheritance Tax and Capital Gains Tax whilst ensuring your assets are safeguarded.

 

Ways to legally minimise UK IHT

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Gifts

Making gifts to children makes all the sense in the world. Your children get the benefit of the gift in your lifetime and provided you survive for 7 years the asset will no longer be part of your estate.

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Debts

IHT is calculated on your net assets. Why not raise debt against your assets and live a little? Provided that you spend the money, your assets will decrease, as will your IHT liability

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Life Insurance

Did you know that you can buy insurance products that will pay your IHT? This means that you nor your children need to worry about paying HMRC.

Inheritance tax consultation for landlords

Although we have now told you about the implications of UK inheritance tax there are some basics that you need to know about your home and inheritance tax

 

Assets free from UK IHT

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£325,000

Assets that will not be subject to IHT

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£175,000

Residence Nil Rate Band for your home in excess of £325,000

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40%

Assets in excess of the amounts discussed could be subject to 40% Inheritance Tax

Tell us about your Inheritance Tax issues

What UK tax issues do you need to have resolved. Before we can help we need some more details about your UK assets.

Enquire about our ongoing services

Book a call to discuss our property accountancy services

Get in touch

Book a paid for tax consultation

Use the code “Art20” to get 20% discount

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Book a call to see how we can help you.

Consultation options.

We offer the two following options for initial consultations.

CALL OPTION ONE

Our Ongoing Accountancy Services

Fixed price irrespective of how many properties you have

We charge on a fixed monthly fee

  • - Accounts submitted to HMRC & Companies House

  • - One hour onboarding tax call

  • - Unlimited 30 minute tax calls

  • - An holistic review of your tax structure and future plans

  • - Annual tax return review to discuss future tax plans

Our Monthly Accountancy Services

CALL OPTION TWO

Tax Consultation + Tax Report + Video Recording

(Free for clients)

Want tax advice right now? Book today

  • - Upload your questions in advance

  • - Our Tax Advisors collectively discuss your questions

  • - A qualified tax advisors discuss the very best solution with you

  • - A tax report & meeting recording is sent within 24 hours

  • - Clarification questions are answered via email

Tax call from £199.95

Booking your appointment.