Many financial advisers will claim that marriage is – “The greatest tax planning strategy ever invented”. This might not seem very romantic but is it true? Inheritance Tax (IHT) is perhaps the biggest benefit. Unmarried couples can only pass assets to each other free of tax up to the value of the “nil rate band” [...]
By Samantha Clarke, Chartered Paraplanner with Anstee & Co. Inheritance Tax (IHT) is paid on the value of the assets that a person leaves behind when they die. It can also apply to some gifts that are made before someone dies. If you are married or have a civil partner, you can leave the entire [...]
Exceptionally high levels of stamp duty are reported to be discouraging house sales and in particular discouraging older people from downsizing. Stamp duty on the sale of a £2 million home will amount to £153,750 and on a £600,000 home to £20,000. The government is also benefitting from increased receipts from inheritance tax (IHT) which [...]
By Carl Stephenson, Chartered Financial Planner based in Stamford, Lincolnshire. For anyone with children, or maybe the inner child in you, I am sure you know that the key premise of the Marvel ‘Avengers Assemble’ movie being the bringing together of a team of superheroes, each with a unique set of skills and expertise. The [...]
It is a fact that most of the personal financial wealth in the United Kingdom is tied up in their property. Many retired people are “cash poor but property rich”. Equity release can be used in later life to supplement pension income or used to finance major items of expenditure. Such as home improvements or [...]
There are several ways to reduce your IHT liability. Your Anstee & Co financial adviser can give you more information about the options shown below. How to reduce IHT Make lifetime gifts to reduce your taxable estate. Use the annual exemption, small gift and regular gifts from income. Plan for the new residence nil rate [...]
This event was arranged as part of Anstee & Co.’s commitment to supporting local solicitors with their professional development. The following presentation were given to a room of over twenty local solicitor after a lunch. The event was held at Harrowden Hall, Great Harrowden, Northamptonshire. Viv Williams from SIFA 360. Presented on- “The Future of Solicitor [...]
