Yet with efficient tax planning in place it’s possible to legally reduce the amount of inheritance tax they will pay, if not avoid it altogether. There are a number of steps you can take to put an efficient strategy in place with regards Inheritance Tax, including ensuring that your Will is correctly written and planned, transferring assets through the use of lifetime gifts and creating a tax- efficient fund to enable the beneficiaries of your estate to meet any Inheritance Tax liability without impacting on the assets you’ve bequeathed them.
To find out more about how our business partners can potentially assist with your individual requirements, why not contact us for an initial informal discussion.
For insurance business we offer products from a choice of insurers.
You may have to pay an early repayment charge to your existing lender if you remortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.