Fiona Bruce Solicitors’ Post

Providing Budget Busting Support! 🔑Navigating Inheritance Tax Changes With inheritance tax thresholds frozen until 2030, more businesses may face inheritance tax liabilities as asset values rise. From April 2026, business property relief and agricultural property relief reliefs will be limited to 100% on the first £1 million, with anything above that subject to 50% relief. At SKS, we help small and medium sized businesses minimise inheritance tax exposure through tailored advice on business structure, succession planning, and tax-efficient strategies. Don’t wait—contact SKS today to protect your business and estate.   #2024Budget #Budget2024 #AutumnBudget

Inheritance Tax (IHT) is no longer just an issue for the very affluent. Many ordinary families may find themselves handing over an unprecedented portion of their estates to the taxman. This shift results from years of house price growth, inflation and stagnant tax thresholds. Effective IHT planning is a careful balancing act, but essential in ensuring you can live comfortably while also considering how to pass on your wealth in the most tax-efficient way. We're here to help: https://lnkd.in/eru7QXVv

🏡 Navigate Property and Inheritance Tax with Confidence! 🌟 Understanding the intricacies of inheritance tax (IHT) on property is essential, especially when dealing with international assets and trusts. Discover how to effectively plan and mitigate IHT liabilities, ensuring your estate is managed efficiently and your beneficiaries are protected. 🔍 Key Insights: Primary Residence Valuation: Learn how your home is assessed for IHT and how to leverage the Residence Nil Rate Band (RNRB). Trust Benefits: Explore the advantages of placing property in trust, including asset protection and tax efficiency. Overseas Property: Understand the IHT implications for owning property abroad and how to navigate dual tax liabilities. 📖 Read our latest blog to master property-related inheritance tax strategies and safeguard your financial legacy! 👇 ➡➡ https://lnkd.in/ejXbKy46 ⬅⬅ #propertytax #mrnrb #estateplan #TaxExperts #TaxPlanning #InheritancePlanning #IHT #inheritancetax #EstatePlanning #FinancialPlanningTips #FinancialPlanning #financialadviser #financialadvice #rnrb #taxexemptions #independentfinancialadvice

What would you rather? A 100% chance of your beneficaries paying 40% Inheritance Tax on your taxable estate (e.g knowing they are left with 60%) or taking some investment risks/parting ways/spending capital to potentially reduce this burden for your beneficiaries? All arguably require advice and some form of psychological coaching. Former Labour Chancellor Roy Jenkins once described Inheritance Tax as "a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue." Fairstone Group Ltd #IHT #Tax #WealthManagement

Once a concern only for the very affluent, Inheritance Tax (IHT) is now an issue for many ordinary families, who may find themselves handing over an unprecedented portion of their estates to the taxman. This shift results from years of house price growth, inflation and stagnant tax thresholds. 🔗To get in touch with Westminster Wealth Management and hear how we can assist you click here: https://linktr.ee/wwmllp #inheritancetax #IHT #wealthmanagement

Preparing for Inheritance Tax Changes in the Spring Budget With the government signalling that Inheritance Tax (IHT) may be addressed in the Spring Budget, it’s a good time to begin planning for what could be a more complicated set of changes. While nothing is confirmed, there are hints that changes to IHT rules could bring additional complexity for individuals and families alike. The current system is already difficult to navigate, so it’s best to stay ahead of the curve. Reach out if you’d like to discuss how to safeguard your wealth and ensure your legacy is protected, no matter what happens in the Spring Budget. #Crownhouse #InheritanceTax #SpringBudget2024 #WealthManagement #EstatePlanning

Do you know... Autumn's Budget meeting is on 30th October and is set to see changes to inheritance tax and taxation of trusts? Some of the potential categories for change are... - Business and Agricultural Property Reliefs - Inheritance Tax nil-rate bands and gifting - Discretionary Trusts We can't predict want will happen, but we can chat about how the potential changes may affect your circumstances. 🩵

Inheritance Tax (IHT) can feel overwhelming, but it's vital for passing on wealth smoothly. We get it – it's a top concern for our clients! Our latest blog breaks down UK inheritance tax essentials, its impact, and smart planning tips. Don't miss out – read it now here https://lnkd.in/eHXBHFEh If you’d like to chat about how the changes may affect you, book an appointment with us today – link in bio 😊 #MagentaFP #MagentaFinancialPlanning #PlanningWithPassion #FinancialPlanning #FinancialPlanner #FinanciallyFree #FinancialConfidence #FinancialGuides #InheritanceTax #FinancialPlanning

Who pays Inheritance Tax (IHT)? Inheritance Tax is charged on estates exceeding certain thresholds, often catching families off guard. However, with the right planning, much of this tax can be legally minimized. In the recent budget, the chancellor has extended the freeze on the nil rate band (NRB) and residential nil rate band (RNRB) until April 2030, affecting how much can be passed on tax-free. With strategic planning, you can protect your estate. Let our team show you how. 👉 Learn more: https://lnkd.in/eaWwbX7N #InheritanceTax #IHT #EstatePlanning #TalkMoneyWeek

Did you know? A significant portion of your wealth could be subject to Inheritance Tax (IHT) upon your passing. This includes assets like your family home, investments, life assurance plans not in Trust, and even cherished family heirlooms. UK Inheritance Tax is often misunderstood and complex. Without proper planning, your loved ones could face up to 40% tax on their inheritance. Keep in mind, tax laws and reliefs can change. The value of tax relief depends on your individual circumstances. It’s crucial to seek advice from qualified professionals before making any decisions affecting your tax obligations. Feel free to reach out to me for further details and information. #InheritanceTax #EstatePlanning #FinancialAdvice #TaxPlanning #WealthManagement