Tax
Inheritance Tax
David Teale is one of our tax consultants, for advice call 0161 767 1291.
Frequently individuals will fail to consider the tax liabilities which will arise in the event of their death, or take appropriate action to structure their affairs in an inheritance tax efficient manner. Many of those who do address the issues at some stage will fail to review their position over time and in light of changes in their personal circumstance.
Inheritance tax has traditionally been a tax affecting a relatively small proportion of the UK population, but continued appreciation in house prices has over time dragged an ever increasing number of people into the inheritance tax net.
The incentive to take the appropriate steps could not be greater, given that tax will arise at 40% above the nil rate threshold.
Planning inheritance tax involves a detailed understanding of the various exemptions and reliefs, all of which can make a huge difference to the inheritance tax position.
For many, the steps which need to be taken are relatively simple, yet effective. For those with more complicated affairs, significant planning will be required to minimise exposure.
DTE have experience of providing advice to individuals in the complete range of positions and can offer a comprehensive review of your affairs to ensure that the maximum amount of wealth is passed on to your beneficiaries. We can advise on wills, trusts, insurance-based arrangements, post-death planning, domicile, and reliefs and exemptions.
