At Accountants Glasgow we believe that inheritance tax planning is an important financial tool for those looking to minimise any taxes that will be paid on someone’s estate. Put simply, this process helps maximise the amount of inheritance that a person’s loved ones will get.
An inheritance tax is a tax levied by the government on the estate of someone that has died. For some, this isn’t an issue as they choose to spend their money before they pass away but for those who wish to leave money for future generations, inheritance tax can be a concern.
So let’s take a look at how we can help you and why you should choose our experts for all your inheritance tax requirements.
How can Accountants Glasgow help reduce inheritance tax?
There are some specific actions people can take to reduce the amount of inheritance tax that will be paid on an estate.
The first step is to make sure that you are using all of your annual allowances, including the annual gift allowance.
Secondly, there are certain assets that are exempt from inheritance tax. These are known as lifetime gifts or as exempt transfers.
Thirdly, there may be additional types of relief that are relevant to an individual’s circumstances including relief of business properties and charitable gifts.
By speaking to tax experts at Accountants Glasgow, you can share your situation and work together to see whether there are additional taxes or reliefs that should be considered as part of your inheritance tax planning.
Why choose Accountants Glasgow?
We appreciate the importance of finding the right accountancy service, particularly when it comes to such an important topic as inheritance tax. That is why at the heart of everything we do, is a commitment to be transparent, professional and supportive.
Our customers need to be able to trust us and trust in our ability to provide the right advice, at the right time. The way we build this trust is by always acting in a supportive and respectful way, putting the customer at the heart of every decision.
Each member of the team has a wealth of experience and expertise in the field of inheritance tax services, as well as other areas of accountancy. When you contact us, we will ensure to connect you with the most suitable member of the Accountants Glasgow team.
Contact us today
If you would like to know more about our inheritance tax planning services or schedule a call to go through your individual requirements, get in touch with one of the team today.