For and against Inheritance Tax

There is both an argument for and against inheritance tax. Does it create a fairer society or does it punish you for doing the right thing trying to provide for your family?

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For and against Inheritance Tax

There is both an argument for and against inheritance tax. Does it create a fairer society or does it punish you for doing the right thing trying to provide for your family?

For and against Inheritance Tax

For Inheritance Tax

Wealth in the UK is more unequally spread than income. The UK's richest 1000 families have more wealth than the poorest 40% of households combined. If inheritances were untaxed there would be no way to redistribute wealth.Taxing inheritances provides a possible extra source of revenue for public spending and it is levied on those who can afford it most.The sheer complexity of inheritance tax, with 91 separate IHT reliefs, does however open up a series of avoidance opportunities. The complicated tax system is being taking advantage of more by the super rich in reducing their tax bills.

Against Inheritance Tax

IHT can be thought of as a double taxation. You have already paid tax when you earned your income and you are taxed again on your death. The taxing of an estate could be seen as a disincentive to save, at the same time though the receiving of an inheritance may be a disincentive to work.Inheritance Tax is an extremely unpopular tax. You work hard all of your life to provide for yourself and your family and you are then prevented from doing what you want with your money at the end of your life.Whatever the arguments, if you wish to avoid or eliminate your potential Inheritance Tax liability, please call us for help and advice.

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I have used Bluebond for setting up a discretionary trust for my children as well as inheritance tax and estate planning for my home and  other properties. Having searched for years, it was only after meeting and speaking with Charles that I felt confident enough to take these next steps, and I'm very glad I did. His ability to explain complex issues in simple terms and walk you through every step of the process is quite simply unparalleled.

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Deirdre Buckley

Inheritance tax is a minefield. Charles de Lastic of Bluebond Tax Planning is the best in the business at helping you to chart the path that is right for you to ensure your estate is structured in the most tax efficient manner.

Nicholas Dickinson

Charles provides clients with valuable insights that clearly demonstrate expertise built over the years. Charles and his team guided us through a estate planning journey and then addressing complex Inheritance Tax matters. They have been very transparent with their advice and cost. Overall an excellent service. Highly recommended

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The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

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