“In this world nothing is certain except death and taxes.”
This famous fatalistic proverb drawing on the inevitability of death is commonly quoted by Trust and Tax practitioners, but who uttered these famous words?
Daniel Defoe, Benjamin Franklin or Margaret Mitchell? All have uttered similar words, but no one can say with any certainty that the proverb, in this form, was actually ever said, instead it is likely that several sayings have been warped into an easily digestible, witty quip.
Like the famous quote, Inheritance Tax is commonly misunderstood by the general public, the legislation has been distorted, over complicated and confused to the point where the public assume that this tax, like death, is certain.
But unlike death, Inheritance Tax is not a certainty.
This month’s Webinar will focus on how a client, using IHT allowances commonly misunderstood or simply not known to exist, can minimise their IHT liability.
Amongst many things, our experts will explore the annual gifting allowance – the ability for a person to give away up to £3,000 a year – the option to make gifts out of your surplus income and the facility to give away assets, either to individuals (Potentially Exempt Transfers) or to Trusts (Chargeable Lifetime Transfers) during their lifetime. Our experts will spend time considering whether for clients who make both PETs and CLTs which order these gifts should be made.
We will also talk about the often forgotten possibility of making dispositions for the maintenance of their family – allowing an immediate reduction in IHT.
Although death is inevitable, paying 40% of our hard earned estate to HMRC doesn’t have to be.
Sign up to our Webinar and find out how your clients can minimise their tax liability and in turn maximise their ability to benefit their loved ones.
Register your place now
All of our Webinars are held at 10am until 11am.
Please click the links below to register. Once registered, you will receive joining instructions to your email address. CPD points will be awardable for all who attend the Webinar.
Friday 8th September
Monday 11th September
IHT related webinars coming soon
How Discretionary Trusts save your clients IHT – Friday 6th October and Monday 9th October
Maximising IHT Reliefs – Showing Friday 3rd November and Monday 6th November
Join our LinkedIn Discussion group:
Join our LinkedIn Webinar Group. Our Estate Planning experts will address all of the questions raised during the webinar and any further queries relating to the topics covered. Become part of our growing community by sharing your opinions, questions and knowledge with us.
