House prices have been rocketing, particularly in property hot-spots like London and the Southeast. The property boom means that more and more people are inheriting a family home worth several hundreds of thousands of pounds at around the time they are retiring and their children are flying the nest. This is a situation that often […]
Read ArticleNew figures have highlighted how much heavier the burden is for affluent individuals, but there are many ways to legitimately reduce your income tax bill, explains Lee Goggin, co-founder of findaWEALTHMANAGER.com. New research has shown that in the past tax year, the wealthy bore a greater share of the tax burden than ever before. Of course, what […]
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Mitigating Inheritance Tax through Business Property Relief is an increasingly popular strategy. Here, Ian Battersby, Business Development Director at Seneca Partners, tells findaWEALTHMANAGER.com why. Why is it that affluent individuals are looking for alternative ways to reduce the IHT bill which will eventually be due on their estate? The traditional methods for mitigating Inheritance Tax […]
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The implications of a recent court ruling might warrant revisiting the details of your will to ensure your wishes will be upheld, explains Rebecca B Wardle, private wealth associate at law firm Trowers & Hamlins. The case of Ilott v Mitson found its way to the doors of the Appeal Courts in late July following […]
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