Tax Planning & Advisory
Inheritance Tax Planning & Advisory
Benjamin Franklin said in 1789, “In this world, nothing can be said to be certain, except death and taxes.”
As we are chartered financial planners, our in-house team of dedicated financial, legal, investment and tax planning specialists are ready to take care of each and every aspect of your Inheritance Tax and estate planning needs.
What are the Tips for Inheritance tax planning & Advisory?
Tips for Inheritance Tax Planning
Would like to get connected with the team of expert who can help with tax planning advice which can save a huge amount of tax. Inheritance tax is usually charged at 40% on anything above your nil rate band. Taking action early means more of your money will go to your beneficiaries.
The good news is that you can avoid all of the inheritance tax by good tax planning well ahead of your death. Actually, the government encourages you to do proper tax planning.
There are many ways to manage, reduce or eliminate an inheritance tax bill, including:
Making gifts
Passing on your pension
A life insurance policy to cover the tax bill.
Transfer to spouse or civil partner
Take benefits of the exemptions
Variation of the will after death
A life insurance policy to cover the tax bill.
Who is liable for Inheritance tax?
Basis for Tax Liability
Domicile of Origin
Domicile of Dependency
Domicile of Choice (Emigration)
Deemed Domicile
As you can see, Inheritance tax is quite complicated tax, and substantial tax saving can be achieved with tax planning well in advance of the death. As tax specialists, we will provide you holistic tax advice considering the implication on inheritance tax together with other taxes such as capital gains & income tax.
What We Offer
We provide personalized accounting and tax advising services, in contrast to many other accounting firms. We distinguish ourselves from the competition by our expert service and outstanding offerings.
Quality Sevice
Our success depends on you. We always work to you the best service possible that is specially designed for you.
Dedicated Support
At Sterling Wells, we always give our clients with the full and focused support they need in order to achieve the best possible results.
Personalised Service
Customer satisfaction is our guiding concept. By putting an emphasis on consistency and communication, we aim to complete the task.
Client Satisfaction
Customer satisfaction is our guiding concept. By putting an emphasis on consistency and communication, we aim to complete the task.
Quick Response Time
You can expect the assistance of our knowledgeable professionals to start right away.
Free Consultation
Take advantage of our free initial tax consultation, which will last for 15 minutes.
