Do you have a property portfolio with four or more properties? If so, you can: Lower the 40% Inheritance Tax Rate to 0%Decrease the 28% Capital Gains Tax to 0%Reduce Stamp Duty to nil Our three-stage approach to professional landlord…
Alan and his wife Sue applied for UK LPAs (UK Lasting Power of Attorney) when Alan turned 60. They became attorneys for each other, along with their son, John. Alan developed sudden onset dementia after enjoying two years of early…
It is believed that 50% of people haven’t even written a Will – don’t even start me on the issues of passing away without a Will i.e. intestate. Others write a Will, store it away and forget about it. A…
This can result in their estates being liable to UK inheritance Tax (IHT) @ 40%. It is domicile not residence which determines whether you are liable to UK Inheritance tax. Living abroad does not necessarily protect you. There are three…
Lloyds Banking Group failed to return the Wills of thousands of deceased customers to their families, leading hundreds of them to distribute assets to the wrong people. The company discovered this year that it had about 9,000 Wills of deceased…
Reduced rate of inheritance tax where 10% of estate left to charity Cutting your Inheritance Tax bill Leaving a part or your entire estate to charity can reduce, and in some situations, eliminate the Inheritance Tax liability. If you leave…