Inheritance Tax Planning

Inheritance Tax planning for both expatriates and UK residents is a specialist area of financial planning. Your desire and intention to pass wealth to a future generation can be significantly impacted by your country of residence and whether or not HMRC consider you to be domiciled in the UK. In the worst case scenario there can potentially be a liability to tax in both countries even when a double taxation agreement exists because in the UK tax is levied on the estate of the deceased whereas in many other countries it is the recipient beneficiary who suffers taxation.

Rules are complicated and even within countries there can be a difference dependent on where the beneficiary lives and how long they have lived there.

There is one golden rule when it comes to Inheritance Tax planning and that is the necessity to plan early as death whilst inevitable is uncertain when it comes to timing. The earlier you plan the more options remain available to you. Too often clients leave things until it is too late to make any significant difference to what can often be an unnecessary tax which with earlier planning might well have been eradicated altogether.

Solutions need to be tailor made for an individual taking into account the type of assets they wish to pass on to beneficiaries, their domicile and the residency status of both themselves and their beneficiaries.

We are vastly experienced in helping clients plan for inheritance tax mitigation using a range of tried and tested financial planning strategies. To find out how you and your loved ones can benefit from this service please speak to one of our certified financial planners on Tel: +350 200 50982 or email

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