At Soteria Trusts, we often find that one of the most valuable Inheritance Tax (IHT) exemptions is also one clients use the least: the “Gifts Out of Income” exemption. It’s a powerful tool, yet surprisingly underutilised. Let’s demystify how it works and why it deserves your attention. What is the gift of out income IHT…
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Planning your legacy should be a thoughtful, empowering process. In Hong Kong, creating a Will is an important step to ensure your assets are managed and distributed according to your wishes. One question we often encounter is: “Do I need a lawyer to write my Will?” The answer is reassuring—there is no legal requirement to…
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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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