When you have spent decades tirelessly working to earn your personal wealth, naturally you would wish to leave it after your death to those who matter most – your family. However, Inheritance Tax laws are complex, particularly if you have overseas assets or own a business, and regulations are constantly changing. Whilst it’s important to have a plan in place for how your wealth will be shared out, it’s essential that it is kept up-to-date.
At Arnold Hill & Co, our Inheritance Tax specialists can help to reshape your finances so that your loved ones can enjoy the greatest prosperity from your property and assets. We combine bespoke Inheritance Tax planning and professional legal advice from trusted partners to ensure you can pass your wealth to your chosen beneficiaries, and not the taxman.
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Effective from 5 April 2025, the UK government will introduce new mandatory tax return requirements impacting sole traders, partnerships, trustees, and company directors. These changes aim to enhance the accuracy of tax data and streamline the reporting process.
