Tag: IHT

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UK Property Taxes – A simple Guide to Investing in the UK 

Navigating UK Property Taxes: A Definitive Guide for International Investors  For international investors, the pursuit of property in the UK can be both alluring and complex. The UK housing market has long been a beacon of stability, and its capital city, London, has historically been a global magnet for investment. However, the landscape of UK…
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How to own a property in the UK?

Owning property in the United Kingdom (UK) can be an enticing prospect for many, whether as a home or an investment. However, navigating the process can seem daunting, especially if you’re unfamiliar with the UK’s property market and taxation system.  This article will shed light on three main ways to own property in the UK:…
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Maximising Gifting Strategies for Inheritance Tax Efficiency

Navigating the complexities of inheritance tax (IHT) can be a daunting task for individuals – especially those from affluent families with significant assets. Gifting, when done correctly, provides a way to reduce the tax liabilities of both the gifter and the recipient. By harnessing the various gifting channels, one can not only bring immediate joy to their…
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Spring Budget 2024: Simplifying the UK’s Tax Reforms for Non-Domiciled Residents

The UK government is committed to creating a tax system that not only draws in global talent and investment but also spurs economic expansion. At the heart of its philosophy lies the conviction that individuals with more substantial financial means ought to bear a larger share of the tax burden.  Outdated Domicile Concept and Tax…
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Understanding the Role of the Family Trustee

In the labyrinth of the high-net-worth family universe, the trustee stands as a cryptic figure, a guardian of the family’s legacy. They are tasked with wielding significant power and responsibility over the wealth and welfare of those within the trust. But what does this role entail, and why is it of such crucial importance to…
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How much does Inheritance Tax Planning cost?

Inheritance tax (IHT) planning is essential for anyone with assets in the UK, especially if you’re a property investor or an expat with UK ties. Preparing for IHT can help you manage your financial legacy and ensure your beneficiaries receive their due without an excessively taxing bill from HMRC.  Inheritance Tax Basics   Understanding inheritance tax…
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Soteria Trusts wins Hong Kong Business High Flyers Awards for the 10th year!

On January 30, 2024, a prestigious recognition program for innovative enterprises, the HKB High Flyers Awards, announced its winners at a ceremony held at the Hyatt Regency in Hong Kong. Among the most innovative enterprises recognized was Soteria Trusts, a brand of the Business Class Group, which has been nominated and has now won awards…
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Five ‘Tools’ to Slash IHT Bill with Soteria Trusts

Inheritance tax is a subject that often gets ignored until it is too late. An increasing number of families are finding themselves faced with hefty inheritance tax bills, which can be a source of unnecessary stress which not only delay but also significantly reduce the transfer of intergenerational wealth. In fact, recent reports suggest that…
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Pros and Cons of QNUPS 

If you are a high-net-worth individual looking for efficient tax planning, a Qualifying Non-UK Pension Scheme (QNUPS) is definitely an option worth exploring. QNUPS are relatively new in the pensions market and offer some benefits over other pension solutions. However, they may not be suitable for everyone and it is important to weigh the pros and…
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Estate Planning: Why You Should Begin Now

If you’re wondering when the right time to start estate planning is, the answer is simple: it’s now. Our comprehensive guide will explain the importance of estate planning and why you should begin sooner rather than later.   Have you thought about what will happen to your assets and belongings after you’re gone? While it may…
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