Inheritance Tax Planning
Make sense of Inheritance Tax
Estate planning involves tax, but it encompasses much more. As with most tax planning, the key is to know what you want to achieve? Who should benefit after your death and what they should receive, but also who you might want to make gifts to now and in what form. Inheritance tax is then likely to become the main issue, with a flat rate of 40% at death to the extent that an estate exceeds the nil rate band - currently at the relatively low level of £325,000.
As your circumstances and the tax rules change, it is important to keep your estate planning under review. The earlier you start planning, the easier it may be to achieve your objectives.
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For more information on Inheritance Tax Planning please complete our client enquiry form and we will call you back. Alternatively you may telephone us on 01254 823 395 or email us at info@travisyates.com
The FSA do not regulate some forms of Inheritance Tax Planning. |
