Tag: Inheritance tax

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Taxing decisions to make when inheriting a home.

Author: Mark Alexander

12th November 2010, 16 years ago | 0

Inheriting a property means making some important decisions that have lifestyle, tax and other financial consequences.

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Taxman won’t take estate planning on trust. Property investors with portfolios with values exceeding the IHT single/married thresholds of £325,000 and £625,000 are expected to face higher levels of investigation from HM Revenue and Customs.

Author: Mark Alexander

3rd November 2010, 16 years ago | 0

Wealthy families with complicated inheritance tax (IHT) avoidance schemes are the likely targets of tax ‘hit squads’. Property investors with...

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Property investors must act to avoid 40% tax bill

Author: Mark Alexander

28th October 2010, 16 years ago | 0

The best laid Tory plans to boost inheritance tax (IHT) thresholds to £1 million after the election were shelved as...

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Gifting a home to family can cost a fortune

Author: Mark Alexander

28th October 2010, 16 years ago | 0

Gifting property to families or loved ones without triggering a cluster bomb of taxes is never simple. Take two sisters...

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What’s more important, cashflow or liquidity? Mark Alexander reports

Author: Mark Alexander

27th October 2010, 16 years ago | 0

Cashflow is simply defined as regular income. Positive cashflow is when income exceeds expenditure and you make a profit. So...

The Money Centre’s Estate Planning Partners look to team up with several charities. When people are diagnosed with a critical illness or a degenerative disease plenty of people offer tea and sympathy but very few offer good practical advice

Author: Mark Alexander

27th October 2010, 16 years ago | 0

We’ve recently embarked on a new initiative to provide Estate Planning advice to people who need it most, whilst at...

Is your property portfolio ownership structure optimised to enable you to pay the minimum amount of CGT, income tax and IHT?

Author: Mark Alexander

27th October 2010, 16 years ago | 14

In this article I look at the differences between owning property as joint tenants, tenants in common or as individuals....

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Why up to 40% of your life insurance payout could end up in the hands of the tax man

Author: Mark Alexander

27th October 2010, 16 years ago | 1

If your net assets are worth over £325,000 when you die, any money that you leave to anybody other than...

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Landlords could be lining the Tax Mans coffers if they live through the next property cycle. Born free taxed to death? This needn’t be the case for readers of Landlord News

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 2

The UK’s average property value is currently £167,953, according to the Halifax’s latest survey. It is probably fair to say...

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Dangers of signing over property to your family. Quality advice from our tax partner

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

Signing a home over to family is not an easy solution to tax problems or trying to avoid paying for...

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Don’t just leave financial problems when you die. An interesting article from Steve Sims, freelance journalist and author of The Dummies Guide to Property taxation

Author: This article was written by guest author - Steve Sims

27th October 2010, 16 years ago | 0

In these times of austerity, many people are looking at ways to save money but one expense that is well...

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IFA firm joins forces with The Money Centre

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

The two firms Directors explain how the relationship will enhance the relationship with, and the service available to, the customers...

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The Money Centre’s Portfolio Review Platinum Package is proving to be very popular as a tool to reduce Inheritance Tax for UK resident landlords with 10 or more properties or net worth of over £500,000

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

We’ve been reviewing our client’s property portfolio’s now for 20 years and making recommendations that have transformed many of our...

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Claiming back Inheritance Tax (IHT) if house prices have dropped

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

Families and friends of someone who has died that have paid out Inheritance Tax (IHT) on land or a home...

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IHT simplification results in 80 pages of guidance!

Author: Mark Alexander

27th October 2010, 16 years ago | 0

An effort by the taxman to simplify inheritance tax valuations and forms has resulted in the publication of 80 pages...

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Taxman loses IHT property battle rematch

Author: Property118.com Landlord News Team

25th October 2010, 16 years ago | 0

The taxman has lost a protracted inheritance tax (IHT) test case that confirms estates letting land and residential property to...