Keeping it in the Family – IHT Planning now and post C19 Jonathan Walton and Owen Kyffin from Whitley Stimpson
With emergency measures already announced, planning your personal finances is more important than ever.
The economic devastation created by coronavirus could have a profound effect on all our financial plans. It is almost inevitable that taxes will rise as the Government attempts to fund its significant state spending and make up for lost revenue in taxation. There is speculation from experts that one of the key measures will be a significant hike in Inheritance Tax (IHT). Jonathan Walton and Owen Kyffin from Whitley Stimpson discuss how to evaluate your IHT plans now, to remain agile and efficient and be ready for when changes do manifest themselves.
Covering:
- The basic mechanics of IHT and the pitfalls to avoid in order to minimise tax liabilities.
- IHT planning tips to take away to help maximise the benefits of the reliefs available and to keep funds in the family.
- How the use of trusts can ensure your estate is passed to your beneficiaries in the way that you have chosen.
Suitable for: Individuals with assets in excess of £325,000 and married couples with assets in excess of £650,000, whatever their level of knowledge.
More in Accountants
Why having an audit can boost your business
Many directors will wince at the prospect of an audit, seeing it as a necessary evil to meet statutory obligations.
FRC Proposes Major Overhaul of Auditing Standards
In a bold move, the Financial Reporting Council (FRC) has unveiled proposed changes to auditing standards that could have a major impact on the financial world, according to chartered accountants and business advisors Whitley Stimpson.
Whitley Stimpson shines as finalist for top national award
Service Charge Accountancy specialist Jonathan Walton of Whitley Stimpson has been recognised for his outstanding work in the field by being shortlisted for a prestigious property industry award.
From this author
Reliable Vehicle Servicing and Repairs with Pete Thirtle
When it comes to maintaining and repairing your vehicle, trust and expertise are paramount. That’s why Pete Thirtle Vehicle Services stands out as one of the go-to independent garage for drivers in Bicester, Oxford, and the surrounding areas. With a reputation built on honesty, reliability, and top-tier service, Pete can ensure that your vehicle receives the best care possible. B4’s CEO, Richard Rosser, shines the spotlight on the ultra-reliable, Pete Thirtle.
B4 Members enjoy the company of a living legend of the...
In December at Keble College, Peter Bennett-Jones, representing the Lord-Lieutenant as one of her Deputy Lieutenants, officially endorsed Raise’24. As an established television and film producer and agent, we were delighted to recently announce that Peter has agreed to become our Patron.
Seven companies relocating to The Oxford Trust’s new Oxford Centre for...
Seven science and tech start-ups and SMEs are to move from The Oxford Trust’s current Oxford Centre for Innovation to its new location at Blue Boar Court, Alfred Street, in Oxford’s city centre.