Month: October 2021

How to avoid Inheritance Tax on UK property

The majority of people’s estate value comes from the property they own. This might be their primary home, a buy-to-let investment property or a holiday home outside of the UK and which is included in your estate. Unless you’ve already done something about it, you will pay 40% Inheritance Tax (IHT) on your overall estate…
Read more

A short guide to Inheritance Tax

IHT – Inheritance Tax is probably one of the most hated taxes in the United Kingdom. It is sometimes referred to as a tax on items that have already been taxed, a tax on success and death duties. However, it’s not all doom and gloom as with a little knowledge and preparation, IHT can be…
Read more

Planning ahead to reduce inheritance tax

How to stay ahead in Inheritance Tax Planning?

With the ever-changing rules surrounding inheritance tax, you may feel confused as to how actually you can prepare for what some people call ‘death tax.’ With news such as the Chancellor’s Rishi Sunak plans to increase inheritance tax to offset the cost of Covid-19 pandemic on the UK’s economy, combined with rising UK house prices,…
Read more

The Estate Planning process

Estate Planning is a long process consisting of many steps for it to be comprehensive and “bullet-proof”. What should such a process look like and when Estate Planning should be performed? Estate Planning mainly focuses on deciding how your estate, such as property, cars, investments, or personal items should be allocated after you die. However,…
Read more

When is the right time to start Estate Planning?

Have you taken the time to consider what will happen to your assets and belongings after you pass away, or if you become incapacitated? This question is crucial to ask and address, despite not being pleasant to think about. With so many things in life being unknown, financial advisers recommend starting estate planning as early…
Read more

Succession Planning: How to have the “Talk” with your family about it

The topic of Succession Planning often requires some careful consideration and balance. Most people have ideas about what they want for the next generations but don’t see why they should plan ahead. Procrastination and the influence of opinions from others are the two biggest reasons used as a reason not to address this, sometimes difficult…
Read more

Client Data Privacy and Protection is important to us. Please Click Here for a copy of our Personal Information Collection Statement (PICS).

© 2022 Soteria Trusts |   Privacy Policy |   Disclaimer