Avoiding Inheritance Tax

People are forever keen to avoid inheritance tax nowadays, with a rate of 40% and a nil band rate that rises slower than the rate of inflation, getting ever closer to the average house price every year. If you are one of these many people, we have the solution for you!

With the credit crunch now upon us, more and more people are having their holidays in the UK rather than going abroad. Also, inheritance tax law states that any property used for business rather than as a standard property is not counted as part of any estate, meaning that it is not inheritance tax liable.

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

The benefits of doing this are:

•  A sizable amount of your estate will be removed from your estate, quite possibly moving your estate from above the nil band rate to below it.
• You will gain another source of income
• You will have a holiday home which you can relax and enjoy the British seaside 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.