Inheritance Tax (IHT) can often be a complex subject and affects many individuals.
IHT is liable on assets in excess of your Nil Rate Band, which is £325,000 per person and up to £650,000 per married couple.
IHT is applied at a rate of 40%, which can potentially leave your family with a large bill to pay and in certain circumstances, mean that assets must be sold to pay the tax.
However, as with other areas of tax, it may be possible to reduce the amount you pay.
We can help by firstly assessing your position and estimating the potential tax liability that your estate could suffer. We will then consider your options and put forward a recommendation to help reduce the tax and increase the value of your estate available for your beneficiaries.
As with any form of succession planning, starting early allows more scope to use the reliefs available, which can provide greater protection of your assets.
We can provide advice on a range of needs:
For further insight into the various exemptions that are available, please see below.
5 Ways to Reduce Your Inheritance Tax
Are you wondering how Inheritance Tax may affect your assets and the money that you leave to your family in the future? As with many other areas of tax, there are ways in which you can minimise IHT.
How to Use a Pension to Buy Commercial Property
We are often asked by business owners, "Can I use my pension to buy commercial property?" and for some individuals, this could be very beneficial and tax-efficient.
MHA Henderson Loggie Financial Planning is a trading name of Henderson Loggie Financial Planning Ltd, registered in Scotland No SC200834, which is a wholly owned subsidiary of MHA Henderson Loggie, which is a trading name of Henderson Loggie LLP, a limited liability partnership registered in Scotland with registered number SO301630. MHA Henderson Loggie is a member of MHA, an independent member of Baker Tilly International Ltd, the members of which are separate and independent legal entities.
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