Minimising tax and protecting assets are two of the main reasons that our clients come to us for advice. Whilst the most recent moves from the government have been broadly favourable for those of us who have property wealth, the fact remains that the amount of money that the treasury receives from inheritance tax is rising each year.
Trust and Tax planning is a specialist area, which when done well can save families tens, if not hundreds of thousands of pounds. Tax bills can be deferred or in some cases eradicated. Done badly, you can face immediate tax bills without any benefits into the future. Protecting assets as well as ensuring the smooth transition of wealth between generations is important so talk to us today.
The inland revenue rules and tax rates have changed multiple times since Roy Jenkins made his famous remarks in 1986, but they remain as true today as they were then. Call us today book a meeting and let us start to build your family trust and taxation strategy.