CAPITAL GAINS & INHERITANCE TAX continued....

If you are in the fortunate position of either acquiring or disposing of personal assets ( that are subject to Capital Gains tax) then talk to us before the event. It is nearly always too late if you seek advice after the transaction has been completed.

Few individuals plan early enough for the inevitable event that may create a liability to Inheritance Tax.

With the cost of housing driving up the value of estates to within reach of the exempt tax thresholds, even individuals with quite modest incomes over their life, can fall within the scope of Inheritance Tax. A little planning can go a long way to mitigating the effect of Inheritance Tax.

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