About IHT
Inheritance Tax (IHT) is the tax charged on the value of property passing on a persons death and on certain lifetime gifts subject to particular exemptions and reliefs.
DBF Associates are pleased to announce that we can now provide you with Wills & I.H.T Health Check - Inheritance Tax Planning service. We have on numerous occasions been asked by our clients to provide assistance in this area.
The Inheritance Tax rate is currently 40% and is charged on the value of estates falling above the nil rate band (currently £312,000). The value of an estate is basically the net value of everything you own i.e. all assets minus any debts.
Too often we find ourselves putting off or setting aside the need to put down on paper all your wishes and instructions for your family.
Why haven’t you done it yet? ½ What can you do? ½ What should you do?
While the simple answer is to give all your assets away before you die this may not always be the most prudent and tax efficient way.
DBF can arrange all the necessary services in Wills & I.H.T.
Inheritance Tax is no longer just a concern of the wealthy; with the massive increases in house prices over recent years it is becoming a growing concern for many people. That said, it is not cause for too much alarm as there are a number of things that can be done during your lifetime and in your will in order to ensure that you pass on as much of your wealth as possible to your loved ones and not to the Inland Revenue.
Take the first step pick up the phone and call us today and we will arrange a suitable time for a meeting. Once you have you can get on with your life with one less thing to worry about knowing you will "Be there for them when you are not".
Once we have all the information from you we will issue a report detailing the potential Inheritance tax liabilities arising on your Estate[s] and provide you with a number of recommendations.
If you have any queries or wish to arrange the meeting, please do not hesitate to contact us on 0161 839 1815.
