Are Family Investment Companies (FICs) the best way to preserve family wealth or do trusts still have the edge?
In a time of economic uncertainty, thoughts turn to asset protection – protecting business assets should your business suffer and passing on personal assets to future generations.
Bates Weston’s Tax team take a critical view of the Inheritance Tax reforms proposed by the All Party Parliamentary Group (APPG). The suggested reforms to the current Inheritance Tax regime are proposals, not yet policy, and will be heavily lobbied against.
Understand how the value of your family home and the residence nil rate band may affect your inheritance tax bill.
Inheritance Tax planning after death is both possible and effective using a deed of variation to a will within 2 years of date of death