“Is there a way of reducing the amount of inheritance tax I will have to pay? I know that it will be a problem. But when should I start to worry about it? Is there anything I can do about it now?”
Depending on circumstances and needs, there are choices that you can take in order to be in the best possible position in relation to inheritance tax. Recommendations would vary according to many factors across the spectrum of any individual’s financial affairs, but it is a very complex area.
While many of us have seen our net worth increase dramatically in recent years, largely due to increased property values, we are often equally disappointed in the amount of our estates that are left to the tax man and not our loved ones.
Many feel this to be unfair but are unaware that it can be largely avoidable in a great number of cases. Our extensive knowledge and understanding of the UK taxation system helps our clients to make plans for the safe and tax efficient distribution of their estate, while they are alive rather than leaving these important decisions to the government when they have passed away.
There are many possible solutions to distribute your estate tax efficiently. We will happily advise you on the most suitable methods depending on your circumstances and needs.
Inheritance Tax seems a tax only the wealthier will suffer, but it actually affects more of us every year. Do not let the tax man have more of your money! Please speak to us so that we can advise on how these taxes can be reduced/ mitigated. There are choices that you can take in order to be in the best possible position in relation to inheritance tax.