Inheritance Tax

With property increasing in value at a greater rate than inflation there is a real risk that at sometime you will be caught in the Inheritance Tax Trap. So what could you do to reduce your exposure?

Sadly there is no right answer but your other personal assets and how you continue to own the properties will affect the eventual tax payable. Please do not forget that tax planning should not affect your quality of life and by giving a property to another but continuing to live in it or use it may have no effect on the Inheritance Tax payable.

Some of the points that will have to be considered are:

The make up of all your assets, not just the real estate. With regard to the properties you could consider

Jointly owning with another.
You could have an interest only mortgage so that the mortgage is a debt in your estate on death.
You could give away small portions of the property each year, (larger portions may incur a Capital Gains Tax (CGT) Liability if they exceed the CGT free band).
You could give away other assets

How we can help

Estate planning is very important and because of the changes made in recent budgets it makes more sense to consider giving to the generation after next ie not to your children but to your children's children.

Property is known as an immoveable asset and the description shows how hard it to make easy changes to it You can not pick it up and have it delivered somewhere different. In most of Europe property values have risen substantially.

We specialise is helping potential inheritance tax payers to consider not only what will happen on death but also what may be achieved now.

Inheritance Tax

How we can help

Questions about Inheritance Tax

Further Reading on Inheritance Tax