Tax Planning - Inheritance Tax, Income Tax and Capital Gains
Most of us don’t enjoy thinking about tax. We may grit our teeth when we see the shrunken figure which Government deductions leave at the bottom of our payslips, but there seems little point complaining about this. And yet, when it comes to your savings and investments, a few easy tax-planning measures can dramatically cut the tax you pay.
Our advisers have the necessary experience to ensure that you make full use of your income and capital gains tax allowances, thereby leaving more in your funds to grow.
Recent figures highlight that 2.4 million homeowners have a potential Inheritance Tax liabilit. An increase of 500,000 households in the first half of 2004.
This, teamed with the recent house price surge, suggests that it is no longer just the very wealthy who have to worry about this form of taxation; instead, it is a serious concern for a growing number of people.
However, unlike many other taxes, there are plenty of things you can do now to make sure you pass as much of your wealth on to your family and friends; not the taxman.
By taking specialist advice from our team at Perredon, you could considerably reduce the amount of Inheritance Tax your beneficiaries may have to surrender.