Inheritance Tax
Prudent planning of your Inheritance Tax liabilities is vital whether you reside in the UK or overseas. Liability can be as much as 40% of the value of your estate on death after an allowance is made for a nil rate band. Careful tax planning can legitimately reduce the amount of tax.
Many expatriates retain their liability to UK Inheritance Tax, and if you move to some other European countries such as Spain and France, you may also be liable for tax on assets held there as well.
 
Major changes introduced by the UK 2006 Budget made it essential that anyone considering any form of Inheritance Tax Planning, particularly those incorporating trusts, should seek independent advice as to the suitability of these trust arrangements. New legislation has introduced additional taxation issues that can result in unwanted and unplanned for taxation consequential to the use of trusts within a tax planning environment.
By talking to Blacktower, we can advise on the most tax efficient way to mitigate your Inheritance Tax liabilities, wherever you live.
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