Omar Aswat - Chartered Tax Advisor’s Post

A Business Owner's Guide to Inheritance Tax and Estate Planning Discover how proactive estate planning can safeguard your hard-earned assets from hefty tax bills. In this insightful blog, Haines Watts Leicester Director, Shazin Tayub, sheds light on the intricate world of inheritance tax (IHT) for business owners. Learn how strategic planning can not only mitigate tax burdens but also ensure the smooth transfer of wealth to future generations. 👉Read more: https://lnkd.in/eufhrzCq #taxplanning #inheritancetax #estateplanning #taxadvice

A Business Owner's Guide to Inheritance Tax and Estate Planning Discover how proactive estate planning can safeguard your hard-earned assets from hefty tax bills. In this insightful blog, Haines Watts Leicester Director, Shazin Tayub, sheds light on the intricate world of inheritance tax (IHT) for business owners. Learn how strategic planning can not only mitigate tax burdens but also ensure the smooth transfer of wealth to future generations. 👉Read more: https://lnkd.in/e4mPdcfQ #taxplanning #inheritancetax #estateplanning #taxadvice

A Business Owner's Guide to Inheritance Tax and Estate Planning Discover how proactive estate planning can safeguard your hard-earned assets from hefty tax bills. In this insightful blog, Haines Watts Leicester Director, Shazin Tayub, sheds light on the intricate world of inheritance tax (IHT) for business owners. Learn how strategic planning can not only mitigate tax burdens but also ensure the smooth transfer of wealth to future generations. 👉Read more: https://lnkd.in/e4mPdcfQ #taxplanning #inheritancetax #estateplanning #taxadvice

A Business Owner's Guide to Inheritance Tax and Estate Planning Discover how proactive estate planning can safeguard your hard-earned assets from hefty tax bills. In this insightful blog, Haines Watts Leicester Director, Shazin Tayub, sheds light on the intricate world of inheritance tax (IHT) for business owners. Learn how strategic planning can not only mitigate tax burdens but also ensure the smooth transfer of wealth to future generations. 👉Read more: https://lnkd.in/e4mPdcfQ #taxplanning #inheritancetax #estateplanning #taxadvice

A Business Owner's Guide to Inheritance Tax and Estate Planning Discover how proactive estate planning can safeguard your hard-earned assets from hefty tax bills. In this insightful blog, Haines Watts Leicester Director, Shazin Tayub, sheds light on the intricate world of inheritance tax (IHT) for business owners. Learn how strategic planning can not only mitigate tax burdens but also ensure the smooth transfer of wealth to future generations. 👉Read more: https://lnkd.in/e4mPdcfQ #taxplanning #inheritancetax #estateplanning #taxadvice

A Business Owner's Guide to Inheritance Tax and Estate Planning Discover how proactive estate planning can safeguard your hard-earned assets from hefty tax bills. In this insightful blog, Haines Watts Leicester Director, Shazin Tayub, sheds light on the intricate world of inheritance tax (IHT) for business owners. Learn how strategic planning can not only mitigate tax burdens but also ensure the smooth transfer of wealth to future generations. 👉Read more: https://lnkd.in/e8t2pQRn #taxplanning #inheritancetax #estateplanning #taxadvice

I recently worked with a couple who took proactive steps to secure their children's financial future. Their goal was to reduce their estate's value and minimise inheritance tax liability. So, we set up trusts for the benefit of their children and created an investment that was held within the trust. The couple’s estate will naturally increase in size over time but because any growth made on the investment is immediately outside of their estate for inheritance tax (IHT) purposes (subject to HMRC ratification) this process has been slowed. We also started the process of moving £200,000 out of their estate which, after seven years, will result in an IHT saving of £80,000! And because we speak regularly, we are able to adapt future. Every family's situation is unique, but this strategy can be adapted to various circumstances. Do you have a plan for inheritance tax? The value of an investment with St. James's Place may fall as well as rise. You may get back less than the amount invested. The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances. Trusts are not regulated by the Financial Conduct Authority. Laura Joyce Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). SJP Approved 08/10/2024

Business Owners: Protect Your Business Legacy! Join our FREE Seminar or watch our Business Owner Webinar today! You might not realise that being a business owner can dramatically change your Estate Planning and Inheritance Tax position. Inheritance Tax receipts reached a new record of £7.5bn in 2023/24, and the number of Estates caught by Inheritance Tax is only going up! Embracing smart Inheritance Tax Planning has never been more critical; exemptions, reliefs, and protective Estate Planning will reduce your Estate's Tax Bill and create an easier path for passing your wealth to the next generation. At Redwood, we passionately believe Estate Planning begins with knowledge. Knowing and understanding what you need to do, how to do it, and the consequences if you don't. We are therefore delighted to announce our next Business Owner Estate Planning Seminar is taking place on: 📅 Thursday 5th September 10:00 AM-Noon 🏨 Solent Hotel & Spar, Rookery Avenue, Whiteley, PO15 7AJ In this FREE Seminar, you will learn how: ✓ To mitigate paying unnecessary Capital Gains Tax and Inheritance Tax on Your Business ✓ The critical importance of Cross Option Agreements for joint business owners ✓ What happens to your Business if you don't have a Will ✓ The risks to your Estate from Divorces, Marriages, and Relationship Breakdowns ✓ The importance of Business Wills and Business Lasting Powers of Attorney Our highly informative seminars are free of cost and obligation, so reserve your places today! 💻 Book online here: https://ow.ly/XieV50SF51S ☎️ Book by phone: 01489 877 547 Can't make the date? No problem! You can watch a previously recorded edited version of this event at any time by following this link: https://ow.ly/5uAe50SF51R Discover how Redwood can assist business owners by visiting #redwoodfinancial #investmentadvice #financialadvisor #financialadvice #financialplanner #charteredfinancialplanner #helpingbusinessowners

✏️ New Article – ‘Why Business Owners with Over £1M In Share Value Should Consider Trusts for Inheritance Tax Planning’ The 2024 budget changes mean that business owners with estates worth more than £1 million need to take proactive steps to protect their wealth from inheritance tax. A key strategy for safeguarding these assets is the use of trusts. Let's take a look at the key benefits of taking this approach 👉 https://lnkd.in/eRQgnHVA #inheritancetax #taxplanning #businessowners #trusts

#InheritanceTax and #BusinessPropertyRelief If you hold shares in your trading company or an interest in a partnership or sole trader, from 6 April 2026 you are likely to pay Inheritance Tax on the value of your holding interest above £1m because of the changes made to Business Property Relief in the #AutumnBudget #Budget2024. In his latest blog, Craig Simpson, Tax Partner at Bates Weston explains the changes made to Business Property Relief and the steps you could consider taking to prevent your death resulting in an IHT bill that may cause your business to fail. https://lnkd.in/eJ7Fyz9P