Date: Thursday 7 December 2023
Time: 8:00am – 10:00am
Location: Cafe Ambio Conference Room, Junction 36 Rural Business Centre Crooklands Kendal LA7 7FP
Time to think about Inheritance Tax Planning
Getting inheritance tax planning wrong can be costly, not just in terms of the amount of tax you pay but in other unexpected ways. For instance, an 82-year-old woman was recently evicted from her home after gifting her house to her daughter. She believed the gift would avoid the family having to pay inheritance tax, but when the relationship soured the mother found herself homeless.
To avoid such awful situations, protect your hard-won assets and discover better ways to plan for your family’s future, we invite you to attend our Inheritance Tax Planning Seminar.
Our Napthens legal experts and Tax specialists from Moore & Smalley will highlight all the key issues and bring them to life by sharing a real-life case study.
The presentation will cover:
- An overview of inheritance tax and how it is calculated
- How different types of assets are treated for inheritance tax purposes
- Practicalities, mitigation and current tax planning opportunities
- The tax traps to be aware of
- Will structure – business vs non-business assets
- Lasting Powers of Attorney
- Shareholder issues
We will address key questions such as:
- How much inheritance tax will I have to pay?
- What is the ‘nil rate band’ and how does it affect inheritance tax?
- Can I gift my house to avoid inheritance tax?
- Is my business affected by inheritance tax?
- I have a property overseas – how is that treated?
- Can I use a Trust to protect my assets and reduce the amount of inheritance tax?
Who should attend?
This briefing is applicable to business owners and private individuals who want to learn more about inheritance tax for themselves and on behalf of their family.
About our presenters
Georgina Smith, Associate Solicitors, Wills & Estate Planning, Napthens Solicitors
Georgina has been practicing law for over 15 years, she offers advice on all aspects of estate planning including the preparation of wills, related inheritance tax issues, lasting and enduring powers of attorney and matters involving trusts. She also advises on issues surrounding the Court of Protection and the administration of estates.
Georgina has specialised in estate planning for a number of years including dealing with the administration of estates, guiding people through the process and offering support at a difficult time. In 2016, Georgina became a dementia champion, encouraging others to make a positive difference to those living with dementia in the community.
Rachel Marsdin, Tax Partner, MHA Moore and Smalley
Rachel has been with the firm and its predecessor since 1988. She is a specialist tax partner, providing advice on tax planning and tax mitigation. She has extensive knowledge of corporate, personal, and capital taxes, which means that she is able to advise businesses on the whole range of taxes that impact the company and the owners personally.
Rachel regularly presents topical tax updates and is very well respected by the banking and legal sectors. She has a wide portfolio of clients that operate both domestically and internationally. Rachel helps her clients minimise day-to-day taxes and works closely with them looking at the longer-term tax issues in keeping with their strategic decision-making and planning.
