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How do I take the value of a foreign property out of my estate for IHT purposes Looking to protect your foreign property from UK inheritance tax? This article reveals strategic options to reduce your estate's value for IHT purposes. Whether you're considering trusts, UK Family Investment Companies, or leveraging mortgages, we'll guide you through the complexities and legalities. Learn how to navigate double taxation, avoid hefty UK tax rates, and secure your assets for future generations. Click to explore these expert strategies and safeguard your estate! #EstatePlanning #InheritanceTax #IHT #ForeignProperty #WealthManagement #TaxPlanning #UKTax #Trusts #FamilyInvestmentCompany https://lnkd.in/eMchnyKv

Protecting your business from Inheritance Tax (IHT) Inheritance Tax (IHT) is a tax on the estate of someone who has died and includes their property, money and possessions. IHT is often a complex area and without appropriate planning and advice can result in underpaying or overpaying what is owed. If you are a business owner, Business Relief (formerly Business Property Relief “BR”) may be available to protect your business from IHT. Where available, the relief reduces the taxable value of qualifying assets by either 50% or 100% depending on the circumstances. Read our article to find out more 👇 #inheritancetax #businessrelief

Globacap’s co-founder and CEO, Myles Milston, shared his views with the Financial Times on why the potential removal of inheritance tax relief for AIM-listed shares is overshadowed by larger issues. Read Michael O'Dwyer’s article here: https://lnkd.in/gHpFGxua #AIM #PrivateMarkets #Globacap

The value of your business has just become even more important to you and your family. The rules, as they stand, are that shares in a qualifying trading company qualify for Business Property Relief (BPR) which means, for inheritance tax purposes, they are 100% exempt. With the new rules, from April 2026, the same shares would qualify for 100% BPR up to £1,000,000, with the remaining value being exposed to inheritance tax of 20%. Previously, you could get away with not really having a grip on the value of your business because, if you died, the shares would pass down with no IHT implications. Now you really need to have your finger on the pulse because, let’s say your shares are worth £2m, and you pass away, leaving those shares to your children. Inheritance tax of £200,000 could be payable. (£1m exempt and the remaining £1m at 20%) How will your children fund that? If your accountant doesn’t know how to value a business, it’s not good enough anymore.

Protecting your business from Inheritance Tax (IHT) Inheritance Tax (IHT) is a tax on the estate of someone who has died and includes their property, money and possessions. IHT is often a complex area and without appropriate planning and advice can result in underpaying or overpaying what is owed. If you are a business owner, Business Relief (formerly Business Property Relief “BR”) may be available to protect your business from IHT. Where available, the relief reduces the taxable value of qualifying assets by either 50% or 100% depending on the circumstances. Read our article to find out more 👇 #inheritancetax #businessrelief

As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s estate before any cash or assets are distributed to the heirs. However, the recipient is liable to income tax on any profit earned after the inheritance, such as dividends from shares and to capital gains tax on the increase in value on assets after the date of inheritance. #IHT #InheritanceTax #Inheritance

As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s estate before any cash or assets are distributed to the heirs. However, the recipient is liable to income tax on any profit earned after the inheritance, such as dividends from shares and to capital gains tax on the increase in value on assets after the date of inheritance. #IHT #InheritanceTax #Inheritance

Inheritance Tax (IHT) receipts rose by 7.2% in April 2024 compared to last year, reaching £700 million. Experts attribute this increase to fiscal drag, inflation, and rising property values. With more estates likely to be taxed in the future, strategic estate planning is crucial to minimise IHT liabilities and Arken Professional can help to make this process seamless for you and your clients. Find out more about Arken Professional: https://zurl.co/QmBH Read more about the latest IHT trends: https://zurl.co/Vvsr Today's Wills & Probate #EstatePlanning #InheritanceTax #FinancialPlanning

As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s estate before any cash or assets are distributed to the heirs. However, the recipient is liable to income tax on any profit earned after the inheritance, such as dividends from shares and to capital gains tax on the increase in value on assets after the date of inheritance. #IHT #InheritanceTax #Inheritance

New book “Who Will Get My Money When I Die?” reveals how to make your will and reduce the impact of inheritance tax on your estate https://buff.ly/3XMq327 #news #london #londonnews