‘Loophole’ helps prevent families falling into inheritance tax trap
With more and more people becoming liable for inheritance tax (IHT), experts at Whitley Stimpson are urging families to consider using a little used loophole to reduce its impact.
Capital gains and inheritance tax
Capital gains made by individuals are generally taxed at lower rates to income and taxpayers benefit from a separate annual exemption that covers the first £12,300 of gains made per year.
Put family first for tax efficient succession planning
Businesses take years to build up with the owners spending the best part of their lives ensuring they are successful. But what happens when it is time to retire? An obvious solution is to pass on the company to family, but care should be taken to avoid a considerable tax bill.
Keeping it in the family – a guide to generational wealth planning
Whitley Stimpson in conjunction with Wise Investment are hosting a series of two webinars about a fictional family who find themselves with financial decisions to make. About the webinars The webinars will be held on Thursday 17th February and Thursday 3rd March, both...
Plan carefully to avoid the pain of death duties
An expert is urging families to ensure they plan properly to mitigate the effects of inheritance tax (IHT).