How to Avoid Inheritance Tax

People are keen to avoid inheritance tax nowadays, with a rate of 40% and a nil band rate that rises slower than the rate of inflation. If you are one of these people, we have the solution for you!

With the onset of the credit crunch, more and more people are having their holidays in the UK rather than going abroad. As well as this, inheritance tax law states that any property used for business means is not counted as part of any estate, meaning that it is not inheritance tax liable.

So why not take advantage of this situation and buy a property to rent as a holiday home in a popular UK destination?

The advantages of doing this are:

•  A large sum of your estate will be removed from your estate, potentially moving your estate from above the nil band rate to below it.
• You will have another source of income
• You will have a holiday home which you can holiday in for free*

If you would like further advice, phone 01202 718400 now!

*We advise that you spend a maximum of 4 weeks on holiday in your holiday home per year. However this is only advice and not legally abiding information.