Scarlett O’Hara famously declared: “Death, taxes and childbirth! There’s never any convenient time for any of them.”
How right she was – and when it comes to IHT, death and taxes come together. IHT isn’t just inconvenient, it’s downright indefensible.
With half of your income (and even more than that next year) and 18% of your gains being taxed, paying 40% on what’s left behind after you die just isn’t cricket.
We try to help clients minimise their tax bills – during their working lives and beyond.
The key to successfully reducing the IHT bill is forward planning: no matter how “inconvenient” or unexpected your death might be, forward thinking can ease the burden on your family.
That’s probably the most important message I have for clients – get a will, get a plan and then get on with enjoying life, knowing that they’ve taken care of their family to the best of their ability.
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We believe we are more than just your average accountancy firm. Our goal at Barnes Roffe is to engage our clients through a proactive relationship, which provides you with the resources and tools you need to enable you to take charge of your finances with confidence.
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PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these documents.