Inheritance tax (IHT) planning is essential for anyone with assets in the UK, especially if you’re a property investor or an expat with UK ties. Preparing for IHT can help you manage your financial legacy and ensure your beneficiaries receive their due without an excessively taxing bill from HMRC. Inheritance Tax Basics Understanding inheritance tax…
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On January 30, 2024, a prestigious recognition program for innovative enterprises, the HKB High Flyers Awards, announced its winners at a ceremony held at the Hyatt Regency in Hong Kong. Among the most innovative enterprises recognized was Soteria Trusts, a brand of the Business Class Group, which has been nominated and has now won awards…
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Inheritance tax is a subject that often gets ignored until it is too late. An increasing number of families are finding themselves faced with hefty inheritance tax bills, which can be a source of unnecessary stress which not only delay but also significantly reduce the transfer of intergenerational wealth. In fact, recent reports suggest that…
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If you are a high-net-worth individual looking for efficient tax planning, a Qualifying Non-UK Pension Scheme (QNUPS) is definitely an option worth exploring. QNUPS are relatively new in the pensions market and offer some benefits over other pension solutions. However, they may not be suitable for everyone and it is important to weigh the pros and…
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If you’re wondering when the right time to start estate planning is, the answer is simple: it’s now. Our comprehensive guide will explain the importance of estate planning and why you should begin sooner rather than later. Have you thought about what will happen to your assets and belongings after you’re gone? While it may…
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The end of the year presents an excellent opportunity to look back at those significant life events in the past 12 months and assess their impact on your estate plan. This is also an ideal time to ensure your plan remains current and aligned with your primary goals. When and why revisions might be needed …
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Do you want to support grassroots businesses in the UK? Did you know that you can also benefit from certain tax reliefs by doing so? One such relief is Business Relief (BR), an often overlooked but valuable tool for any business owner or investor looking to reduce their inheritance tax bill. What is Business Relief? …
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Today, we consider a topic that is uncomfortable for some and even taboo for others. It’s a topic that we see and hear about every day of our lives and an event that happens to everyone at some point. Some modern-day philosophers say only three things are ‘guaranteed’ in this life: death, divorce and…
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Learn about the tax and residency rules and considerations for UK retirees abroad. Find out how to minimize taxes on pensions, navigate capital gains tax, plan for wealth tax, and prepare for any inheritance tax liabilities that arise. Choose a country with a low or favourable tax regime as your retirement destination whenever possible. Discover…
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Retirement can be a time to relax, but it can also be stressful, especially if you haven’t adequately prepared for it financially. So many unexpected things can happen during your golden years, all eating into your existing provisions and leaving you short. Changes in your general health and healthcare and increasing living costs, to name…
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