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ESTATE AND INHERITANCE TAX PLANNING

 

The government estimate that in the past 6 years the number of Estates liable to Inheritance Tax has more than doubled!

Despite best intentions, many fail to take advantage of the tax rules that can exempt their wealth from this tax. On death 40% of your Estate that exceeds the "Nil Rate Band" will be lost to tax.

 
The Nil Rate Band is currently £263,000 and seems quiet high, but with increasing house prices, Insurance policies, death in service benefits and some savings mean that many thousands who do not consider themselves rich could be leaving an Inheritance Tax liability without realising it.

Whether you are single, married, divorced, separated or just living with your partner, spending time now to sort out your Estate can not only mean that your intentions are adhered to, but could also ensure that the Inland Revenue do not take the bulk of your Estate in Inheritance Tax.

We can perform a review and produce a report highlighting problem areas and suggesting possible solutions, which would be a wise investment now to save tax in the long run.

For further details of our review please complete the feedback form, email IanPatterson@Hansons.uk.com or contact Ian Patterson on 01977 552 881.