In this article, we explain the origins and purpose of the Pre-Owned Asset Tax and the POAT election and offer practical guidance for individuals reviewing historic gifts or planning future transfers.
Read moreMitigating Inheritance Tax (IHT) through lifetime gifts requires particular care, especially regarding the frequently misunderstood rule: Gifts with Reservation of Benefit (GWROB).
Read moreThe UK financial system features a broad range of tax brackets, allowances and earnings thresholds that apply to both private
Read moreThis article aims to debunk some of the most common myths surrounding inheritance tax, providing clarity and offering helpful guidance to minimise tax liabilities.
Read moreInheritance Tax mitigation requires proactive steps to protect your wealth for future generations. This article will explore the various strategies to reduce your inheritance tax bill, including gifting, trusts, and donations.
Read moreBuilding pension reserves has long been considered a sensible and effective investment option for retirement planning. This article provides an in-depth guide to pension inheritance tax, explaining the 6th April 2027 changes and how pensions will be treated upon death.
Read moreThis article will help guide you on the principles of Inheritance Tax, explaining the key rates, allowances and reliefs available to enable you to reduce your IHT liabilities.
Read moreIn this article, we will explain how Business Property Relief works, what types of assets qualify for BPR, the types of businesses that can benefit from this relief, and the changes to BPR announced in the Autumn Budget 2024.
Read moreThis article explores how trusts work, the various types of trusts available, and how they can help mitigate inheritance tax. We will also examine the key considerations when establishing a trust for estate planning purposes and their potential limitations.
Read moreSignificant changes to taxation and an increase in wage inflation have resulted in a large tax burden for high earners in the UK. This article will explore strategies to minimise taxable liabilities while maintaining long-term financial security.
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