Planning

One of the highest taxes that people suffer is Inheritance Tax. Not only is this tax payable at 20% of the value of certain lifetime gifts, it is generally applied at a rate of 40% on all of a deceased person's assets, including cash and the family home, after deducting certain exemptions and reliefs.

At Outcome Tax, we offer a highly efficient Inheritance Tax planning service to ensure that our clients do not pay any Inheritance Tax unnecessarily. We offer advice on such tax planning measures as tax-efficient Wills, Trusts and outright gifts to enable our clients to choose who should inherit their estates and to reduce the amount of Inheritance Tax potentially payable.

Gordon Brown, the current Chancellor of the Exchequer, is on record as having stated that Inheritance Tax is a voluntary tax payable by those people who didn't take the time to plan to avoid it. When the Chancellor admits that large sums of Inheritance Tax can be avoided by planning ahead, it makes sense to make those plans.

Contact us to make an appointment to review the impact that your death might have on your family wealth. You might be able to save tens or even hunders of thousands of pounds by taking this action now.

Compliance

As well as providing a comprehensive Inheritance Tax planning service, our consultants, advisers and staff have a breadth of knowledge and experience in dealing with the Capital Taxes Office and the Valuation Office. We can prepare and advise on the correct and timeous completion of all forms required by either of these government departments, ensuring that all proper actions are taken to reduce the overall burden of tax. These might be lifetime gifts or transfers in the case of individuals or gifts and transfers on death in the case of executors administering an individual's estate.