Inheritance Tax Advice in Plymouth
The Will Centre, based in Plymouth, specialise in providing legal advice on Inheritance Tax and how to limit your liability. During the 80s and 90s, more and more people have found themselves on the property ladder as the economy grew. This was great, however, a lot of people have found that they are going to be subject to an Inheritance Tax liability and have not put any planning in place to attempt to minimise this. The Will Centre can help you, if you are one of these people!
Ensure you have a Tax Efficient Will
Now that more people are subject to Inheritance Tax (IHT), married couples and registered civil partners should consider making tax efficient Wills to prevent their inheritance from going to the Government, unless of course you are happy for them to have it! Making an IHT Will can be like winning the lottery; you can save over £100,000 by taking this step.
We pride ourselves on providing expert legal advice whilst remaining family friendly and jargon free. Ensuring you understand what we’re doing for you and more importantly why we’re doing it.
To find out if you could have an Inheritance Tax liability in the future call today on:
01752 607 040
Or To arrange your appointment or discuss your legal requirements with our friendly team use the contact form below.
Recent Articles on Inheritance Tax
Transferring Property to Children: What You Need to Know About Inheritance Tax
Inheritance Tax (IHT) planning is a significant concern for many families, especially when considering the transfer of high-value assets like property. One common question is whether gifting a house to a child can reduce or [...]
A Guide for Small Business Owners and Entrepreneurs on Inheritance Tax
For small business owners and entrepreneurs, Transferring assets and wealth to future generations can be uniquely challenging. One of the most significant considerations in estate planning is Inheritance Tax (IHT). Understanding how it applies to [...]
Inheritance Tax Planning for Second Homes and Overseas Property
Owning a second property or real estate overseas is a significant milestone, often representing years of hard work, family investment, or perhaps an inheritance. However, when it comes to passing these assets on to future [...]
What are the pitfalls for gifting a property?
Gifting a property can seem like a straightforward way to pass on wealth to loved ones, but it’s a decision that comes with significant legal, financial, and tax implications. While the thought of giving away [...]
Understanding the 7-Year Rule in Inheritance Tax
The "7-year rule" plays a crucial role in determining whether gifts made by an individual during their lifetime are subject to inheritance tax after their death. In this blog, we look into what the 7-year [...]
The Impact of Inheritance Tax on Family Businesses
Family businesses form the backbone of many economies, providing employment, fostering innovation, and contributing significantly to local communities. In the UK, these enterprises face unique challenges, one of which is inheritance tax (IHT). Inheritance tax, [...]
Testimonials
“Many thanks for your kind attention in respect of advice given to Sally and me for preparation of our Wills today. Your professionalism and very pleasant attention to detail was most appreciated.”
Dear Mandy,
Just a quick mail to thank you for the smooth, efficient witnessing of our Wills yesterday in a most professional and courteous environment.
It was very nice to meet you after all this time!!!
“You were very helpful in getting the wording of the Will clear. It’s not been an easy task to change my Will but it was made easier by your advice. All the staff are very helpful as well.”