Budget 2024
Budget 2024 – Now that was a budget to get our teeth into. Having spent the afternoon reading various budget documents, here are my thoughts
How to reduce your estate for Inheritance Tax without having to wait for 7 years
A lot of clients come to me to find out how they can reduce their estate to avoid IHT and there is a simple short answer:
irrevocably give assets away (so that you no longer receive any benefit whatsoever) and survive for 7 years after you have given them away (or the value comes back into your estate).
Succcession – How planning ahead is the best option
The succession of the farm is often on the minds of those of whose farm has been in the family for many generations. Not only is it a wish that they would like the farm to continue within the family but also to provide an inheritance to any of their non farming children.