Mistakes people make in Inheritance Tax Planning
Автор: Inheritance Tax Planning with Bluebond
Загружено: 2021-01-14
Просмотров: 7381
Mistakes people make in Inheritance Tax planning | Bluebond Tax Planning
If you have any questions on UK Inheritance Tax, please use the comments section below or visit our website at https://www.bluebond.co.uk
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In this video, we cover a number of mistakes we have found that people make with their Inheritance tax planning
Some of those mistakes result in planning done by inexperienced advisers which although they may meet the basic criteria they fail to be as effective as possible.
Other mistakes result in significantly higher levels of tax being paid as the tax situation of potential beneficiaries, Income tax and Capital gains tax was not fully taken into the planning.
Plans go adrift as they do not take into account worse case scenarios like the divorce of the children or the clients going into long term care.
Lastly, we cover the biggest mistake that many people make which results in a lot more tax being paid than required had they acted effectively.
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