Inheritance Tax (IHT) planning remains a major challenge for wealthy families, UK taxpayers, expats with UK assets, and investors. With an effective rate of 40% on estates above the tax-free threshold, IHT can significantly reduce the wealth passed on to loved ones. However, careful and strategic planning can help mitigate these costs, ensuring your hard-earned…
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Wealth is more than just numbers on a bank statement or stocks in a portfolio. It reflects years of hard work, sacrifice, and planning. For many affluent families, the goal is to pass on that wealth to future generations, providing security and opportunities for their loved ones. Yet, startling research shows that 70% of wealthy…
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Inheritance Tax (IHT) is often described as “death tax” but for UK taxpayers and expats alike, it’s very much a living concern. April 2025 saw the dawning of a new IHT regime that replaced the decades old domicile based rules with a new regime and rules based around an individual’s Long Term Residency (LTR). That…
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If you own agricultural or business property in the UK, or advise clients who do, it’s essential to understand the upcoming changes to inheritance tax (IHT) reliefs—specifically agricultural property relief (APR) and business property relief (BPR). These reforms, taking effect from 6 April 2026, could significantly impact how much of an estate qualifies for tax…
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Inheritance Tax (IHT) revenues in the UK have been climbing steadily over the past two decades, with figures hitting record highs year after year. This trend is far from slowing down, posing significant financial implications for UK taxpayers and expatriates holding British assets. For many, navigating IHT can feel challenging, particularly as tax thresholds remain…
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Navigating the complexities of tax residency in the UK can be challenging, but understanding the fundamentals is essential for ensuring compliance and optimizing your tax position. At Soteria Trusts, we aim to provide clear and comprehensive guidance on such crucial topics. This article breaks down the key factors that determine UK tax residency, helping you…
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Planning for the future can often feel overwhelming. However, when it comes to safeguarding your assets and ensuring they’re distributed according to your wishes, a will trust can be one of the most powerful tools at your disposal. But what exactly is a will trust, how does it work, and why might it be important…
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Estate planning is a complex process, and it becomes even more intricate for blended families. When children from previous relationships are involved, ensuring your estate is distributed fairly and according to your wishes is essential. A Will Trust can serve as an effective solution, offering security, clarity, and fairness for both your spouse and your…
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Blended families often come with added layers of complexity when it comes to estate planning. While navigating these challenges can feel overwhelming, proper planning can ensure everyone you care about is provided for. Whether you’re managing assets between a current spouse and children from a previous relationship or trying to prevent family disputes, creating a…
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Stepchildren, multiple spouses, and varying family dynamics create a complex case for planning your estate and ensuring a fair and secure inheritance for all the people you care about. The good news is these complexities aren’t insurmountable if they’re approached with caution, honesty, and professional guidance. This artilce will explore the three most common inheritance…
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