TAXATION AND TRUSTS

Inheritance Tax
We incorporate all contemporary IHT saving mechanisms and allowances into client strategies including, where appropriate, all robust IHT planning arrangements offered by third parties. We keep abreast of all schemes based on potentially exempt transfers and lifetime planning, including such alternative methods as arrangements harnessing business property relief. We offer a range of key benefits IHT schemes, subject to all appropriate caveats as to their future efficacy. These include the following examples:-

1. A spousal bypass Trust preserving assets such as life assurance, pension funds and employer death in service benefits from IHT on the “second” death.
2. Specific advice allowing optimum advantage to be taken of the gifts out of normal income IHT exemption, while allowing future access to the “gifted” capital.

Trusts
We have extensive expertise in preparing all forms of settlements with tax efficiency, flexibility, ease of administration and appropriate asset allocation to the fore.

Excluded Property Trusts
We can discuss arrangements for clients who are UK resident but of foreign domicile to secure permanent exemption of assets from inheritance tax, while at the same time continuing to enjoy full access to settled property.