We are approaching the time of year when tax planning is typically very popular. With this in mind, we thought we’d remind readers of our very popular service designed to limit Inheritance Tax (IHT) liability. IHT kicks in for estates of £325,000 or more. See more on our service below. What are the main benefits […]
Why take the risk of paying tax on your estate? Inheritance Tax is payable on estates of more than £325,000, but is easily avoidable – although recent news articles indicate that tax changes are imminent. To be sure of taking advantage of the best means of minimising liability, the time to act is now. Here’s […]
We’re seeing significant interest in Money&Co.’s Inheritance Tax Service. Political uncertainty may play a part in this: although governments may change, it’s unlikely (though not certain) that new administrations will act retrospectively. So perhaps it’s no surprise that many homeowners potentially liable to IHT are coming to understand that the time to act is now. […]
It’s fair to say that the political outlook is fraught with uncertainty. Britain’s controversial new Prime Minster doesn’t have a proper majority. A General Election in the next few months is more likely than not. If there’s a Corbyn-led Labour administration as a result, taxation of the passing on of wealth between generations is one […]
Moves are afoot to make what’s sometimes dubbed the UK’s “most hated” tax a little easier to avoid. If you give away assets and then survive seven years, the gift becomes free of Inheritance Tax (IHT). If the donor dies before seven years, the gift is partially exempt, depending on the length of the period […]
It is later than you think. This old adage, often found on timepieces, has rarely felt truer than in the world of Inheritance Tax planning. Here’s the scenario: Boris Johnson become Prime Minister, fails to fight of the inevitable vote of no confidence, calls a General Election and loses to Jeremy Corbyn’s Labour. All this […]
It’s perhaps no surprise then that many homeowners have seen the value of Money&Co.’s Inheritance Tax Service. This takes advantage of Business Relief. At present, estates with a value of more than £325,000 pay 40 per cent tax. This is reduced to 36 per cent if 10 per cent of the estate is given to […]
In part II of our blog on the P2P sector after the high-profile collapse of the Lendy platform, Nicola Horlick, Money&Co.’s CEO looks at how Money&Co.’s P2P loan book compares in terms of security and access as well as performance – with leading mainstream investments. Over the last 20 years, the FTSE 100 index has […]
Death and taxes may be the only certainties in life, but they offer another immutable truth: they always come at an inconvenient time. So, it’s pleasing and mildly surprising to discover that some of you are addressing both death and taxes at the same time. Our Inheritance Tax service is proving popular, with several enquiries […]
A house can be more than a home. It can also be a serious tax problem. Average house prices in England are nearly a quarter of a million pounds and the threshold for Inheritance Tax (IT) on death is £325,000 (after which tax applies at a flat 40 per cent rate). London average prices are […]