Tag: Property

Your asset protection specialist

Unlocking IHT Savings: The Overlooked Power of “Gifts Out of Income” 

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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Do you need to use a lawyer to write a Will in Hong Kong?

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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What is a Business Will , and why do you need one? 

When it comes to estate planning, many people focus on personal assets like property, savings, and sentimental possessions. However, if you own or are heavily involved in a business, there’s another essential document to consider—a Business Will. At Soteria Trusts, we specialise in helping business owners in Hong Kong secure not just their personal estates…
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August Will Moth

August – Will Awarness Month & 30% OFF

August is Will Awarness Month, a crucial reminder for Hong Kong residents to examine their estate planning arrangements. This annual observance highlights a sobering reality: while many of us meticulously plan our careers and investments, we often neglect one of the most important documents we’ll ever create—our Will.  Estate planning isn’t just about distributing assets…
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What still works for IHT Planning in the UK? 

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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70% of Family Wealth is Lost by the Second Generation – Here’s How to Stop it 

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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Protecting Your UK Pension from Inheritance Tax

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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Major changes to agricultural property relief from April 2026

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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UK IHT Receipts Continue to Break Records in 2025

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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What Makes You a UK Tax Resident? 

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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