24th October 2011
A friend told you that he intends to invest a chunk of his assets in a qualifying non-resident pension scheme (QNUPS) because the funds in them are beyond the Taxman's reach. Is he right?
24th October 2011
You've built up a healthy pension fund and are looking forward to retirement. But if you don't survive long enough to make full use of it the Taxman can take a huge bite of what's left. What, if anything, can you do to mitigate this?
30th November 2011
It's nice to own a holiday home so you can take a break from the rat race when you want. But when your time comes the Taxman will charge Inheritance Tax (IHT) on what it's worth, which may leave your beneficiaries having to sell the property to pay his bill. The good news is that there's a simple way you can continue to use the property and avoid IHT.
21st December 2011
You own a holiday home, worth around £250,000, which you use for several weeks per year. How can you continue to make use of the property but shift it out of your estate for Inheritance Tax purposes?
14th February 2012
Four years ago a major change to the IHT rules meant that nil-rate band trusts became unfashionable. So if your will includes one, should you change it to remove the trust or can it still produce tax savings?
28th February 2012
You want to give away some assets to save Inheritance Tax but you can't afford to lose the income they generate. If you transfer the asset but continue receiving the income the Taxman will treat the assets as yours. Is there a scheme that will give you the best of both worlds?
3rd April 2012
Selling your business can lead to you losing out on IHT business property relief. What can you do to ensure this doesn't happen?
Copyright, Westwaters Chartered Certified Accountants & Registered Auditors 2011.