premierprivatewealth-blog

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Estate Planning Lawyers serving Birmingham, Nottingham, Wiltshire etc. PPW is Law firm that can help you set your estate goals to care for your family in all stages of life. For more visit us today.

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What is inheritance tax?

Inheritance tax is the tax paid on resources (after legacy charge recompenses are deducted) left when somebody passes on.

As Benjamin Franklin said, the main things sure in life are death and taxes, & inheritance tax (IHT) addresses both. When you die, the Government surveys how much your estate is worth, at that point deducts your obligations from this to give the estimation of your home. Your benefits include:

Cash in the bank

Investments

Any property or business you own

Vehicles

Payouts from life insurance policies

IHT to be scrapped on up-to-£1m homes by April 2020The basic allowance is unchanged

Former Chancellor of the Exchequer George Osborne revealed in July 2015's Summer Budget that he'd scrap the duty when parents or grandparents pass on a home worth up to £1 million (£500,000 for singles). This is being phased in gradually until April 2020.

The current allowance whereby no inheritance tax is charged is on the first £325,000 (per person) of someone's estate – which is the value of their total assets they leave behind when they die. Couples can leave a home worth £650,000 without it attracting inheritance tax (singles £325,000). Above the threshold, the charge is 40%. This remains unchanged. What has changed is the introduction of a new 'main residence' band.

Contact Us

Premier Private Wealth LLP

36 Milton Road Swindon, Wiltshire SN1 5JA

0844 351 0067

http://premierprivatewealth.co.uk

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Power of Attorney in Nottingham

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Need help with a Will? You've come to the right place.PPW provide a wide variety of services relating to probate law, including estate planning,trust instrument drafting, power of attorney, estate administration etc.

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A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative.

[premierprivatewealth-blog]

A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative.

[premierprivatewealth-blog]

[premierprivatewealth-blog]

[premierprivatewealth-blog]

A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative.

[premierprivatewealth-blog]

A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative.

[premierprivatewealth-blog]

London, England Tax Solicitors & Law Firms

We specialise in International Taxation, i.e. the provision of taxation and legal advisory services to ‘UK Connected’ individuals, companies and trusts.

We are friendly and approachable tax advisers who can offer you timely and high-quality advice covering all areas of taxation.

Please feel free to contact us and book a consultation. The consultation can take place over the phone, via video-conference or at our offices based in London.At Premier Private Wealth LLP, we specialise in advising UK connected/international clients.

We can be appointed directly by the taxpayer, or we can work with other tax professionals, e.g. accountants or financial advisers to help a client.Not all tax professionals are able to offer advice in this specialist area. It is also important to note that the ‘legal professional privilege’ only applies to the advice given by lawyers, i.e. all communication between a lawyer and his/her client remains completely confidential.

This is an added advantage of receiving tax advice from a tax lawyer as compared to other tax professionals.Non-resident and non-domiciled taxpayers are allowed various tax reliefs and incentives under the UK tax law. However, specialist advice is needed in this area.

CONTACT US

Premier Private Wealth LLP

36 Milton Road Swindon, Wiltshire SN1 5JA

0844 351 0067

http://premierprivatewealth.co.uk

[premierprivatewealth-blog]

[premierprivatewealth-blog]

A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative.

[premierprivatewealth-blog]

A probate attorney helps you plan what happens to your property when you die, as they can probate wills and act as your probate court estate representative.

[premierprivatewealth-blog]

Welcome to Premier Private Wealth LLP. We can help you with your Estate and Succession Planning. Services offered are Wills, Probate, Power of Attorney etc. For more contact us today!