Simon Warne’s Post

As expected, there are some changes to Inheritance Tax following this afternoon’s #AutumnStatement.   But what can we expect from the £2 billion tax increase? Peter Fairchild gives a #BudgetBreakdown with Robert Marchant👇   #Labour #KierStarmer #CroweUK #RachelReeves #TheBudget

While the main Inheritance Tax rate remains unchanged, recent legislation has introduced significant changes that could hit farmers and business owners hard. If you fall into the above, it's crucial to understand how these changes might impact your estate planning. At Quove, we can help you explore strategies to mitigate the impact of Inheritance Tax. #InheritanceTax #suffolkfarmers #suffolkbusinessowner

Domicile is an important concept to consider whenever you are tax planning, and especially if you have ties in the UK and overseas. Domicile ultimately defines whether or not you’ll be caught in the UK inheritance tax net, and likely to face a possible and substantial 40% tax charge on your UK (and even worldwide) assets. There are other consequences too, find out more in your complete guide to understanding domicile: https://bit.ly/45ezKrX #Domicile #Expat #ExpatTax #InheritanceTax #TaxPlanning

The Government recently announced new reforms to inheritance tax as part of its Autumn Budget - with IHT relief for business and agricultural assets now set to be capped at £1m from April 2026. In our article, Nina Sperring TEP, Wealth Protection Partner at Price Slater Gawne, answers key questions around the current inheritance tax laws and lays out how effective estate planning is key to navigating them effectively. Learn more: https://lnkd.in/eu3v7xMY #inheritancetax #wealthprotection #autumnbudget

Business Post A change to Exit Tax on investments would be of equal if not higher importance in this years budget. Ireland is home to billions of euros in ETFs etc, yet the taxation treatment for Irish residents is severe. Inheritance tax is an issue certainly for estates but these taxes can be planned for, mitigated or in many cases eliminated through proper planning with a professional tax adviser or financial planner. Exit Tax is unavoidable in almost all cases for Irish residents unless investing in direct equities or possibly certain investment trusts. We have one of the highest rates of tax applicable levied on savers in Europe. You should be rewarded for saving for your future, not doubly taxed on savings you have already paid tax on. I know this is the same argument for inheritance tax but at least there are thresholds as a starting point before that is chargeable. The former minister for finance Michael McGrath indicated there would be action taken on this in this years budget, hopefully Minister Chambers will follow through on this and reduce the rate to normal Capital Gains Tax rates.

Inheritance tax in Ireland is creating a heated debate as the country’s budget for the next financial year approaches. Critics say that inheritance tax nowadays is especially burdensome on those inheriting family homes. The main concern is about how much more children can receive from an estate without being liable to pay inheritance tax. This, coupled with increased property prices has further stretched the burden of tax payment on beneficiaries particularly in areas with high property prices like Dublin. Read more in our latest blog post https://lnkd.in/exw7hDVf   #IrelandBudget2025 #InheritanceTax #CapitalAcquisitionsTax #RisingPropertyValues #TaxThreshold #BudgetDebate #InheritanceReform #PropertyValues #EstatePlanning #FinancialAdvice #FairstoneIreland 

The November Rural Business and Natural Capital newsletter features an update for clients and contacts in the rural sector on the recent changes to inheritance tax announced at last week's budget. https://lnkd.in/eP8n_eps

Inheriting a Property from Overseas? Here’s What Aussies Need to Know! If you’re an Aussie inheriting a property from overseas, you might think, "Great! No inheritance tax here – I’m all set!" … Well, not quite. Today’s video tackles how tax still comes into play, despite Australia not having inheritance tax. Don’t let overseas rules or hidden costs catch you off guard! #AustralianExpats #InheritancePlanning #FinancialAdvice #AustralianProperty #WealthPlanning

Is Your Estate Plan Ready for Potential Tax Changes? A recent article in *The Telegraph* highlights potential changes to inheritance tax relief for farmland. If this happens, many family farms could be at risk of being sold just to cover taxes. Now is a crucial time to review your estate planning and make sure your assets are protected. Don’t wait for the changes to take effect – ensure your legacy is secure. #EstatePlanning #InheritanceTax #FamilyFarms #ProtectYourLegacy #ReviewYourPlans #FarmingCommunity

Do I need to pay taxes on an inheritance? Generally, inheritances are not considered income for federal tax purposes. However, you should consult with your tax professional regarding your specific situation and the state you live in. #KirtlandCU #Albuquerque #FinancialAdvisor