Inheritance Tax

Inheritance Tax

Inheritance Tax Planning

Roy Jenkins, a former Labour Chancellor, once described inheritance tax (IHT) as “a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.” To an extent this is true, there are a number of routes that are available to all of us to reduce our potential liability to IHT, the issue is knowing what to use and when.

Residential properties, particularly in the South-East, have long been ripe pickings for the Inland Revenue to increase their tax take but what, if any, impact will the new increases to the Nil Rate band have on your circumstances?

Most people are aware of the 7 year rule for giving gifts valued over the annual gift allowance but did you know there are perfectly legitimate ways of getting money out of your estate in 2 years?

Please contact us for an initial discussion with no obligation.

Investments – The Market value of your investments and the income derived from them can go down as well as up and you may get back less than you have invested. Products which may enable inheritance tax exemption after two years may carry higher risk and therefore may not be suitable for all clients.

Please contact us for an informal, no-obligation chat about your financial requirements.

CONTACT DETAILS

The Ross Partnership LLP

12 Holly Crescent

Windsor

Berkshire SL4 5SL

Tel: 01753 290909

Email: info@therosspartnership.co.uk

THE FINANCIAL OMBUDSMAN

Should you have cause to complain, and you are not satified with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows:

The Financial Ombudsman Service Exchange Tower, London E14 9SR

Tel: 0800 023 4567 or 0300 123 9 123

www.financial-ombudsman.org.uk

THE ROSS PARTNERSHIP LLP

The Ross Partnership LLP is a Limited Liability Partnership registered in England. Registration Number OC391037. Registered office as company address as detailed on the Contact Us page.

We are entered on the Financial Services Register No 617015 at

www.register.fca.org.uk

The information contained within this site is subject to the UK regulatory regime and is therefore primarily targeted at consumers in the UK .