Tax Mitigation

We can build a series of "tax barriers" around your investments, effectively shielding them from the Inland Revenue. We will consider your attitude to risk and the advantages of investing for the future

October 2003

If house prices and personal allowances continue to rise at the same rate as today then by 2020 90% of the UK population will fall into the Inheritance Tax (IHT) bracket.

Inheritance Tax is a tax on the transfer of assets to anyone other than your spouse, registered charities or political parties payable when an estate is wound up after death. There are also other exemptions which might apply to you.

If you make a gift, for it to be completley free of any IHT and out of your estate, you must live for seven years after the gift was made.

If you are UK domcile and your estate is in excess of £255,000 then your benefiaries will have to pay 40% IHT on your world wide wide assests over this amount on your death.

There are many possible solutionswhich may or may not be suitable for you and your family.

By careful planning, your IHT can be reduced or avoided completly. At Burgess & Lee Limited we have may years of experience advising and assisting clients in the best course if action.