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Nick Moxon  

Senior Partner, Head of Private Client

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Nick Moxon

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Private Client Update Seminar

What's it about?

Planning for your Family's Future - What are the latest Inheritance Tax changes?

In recent years the inheritance tax rules have relaxed a little, but many families are still unnecessarily penalised by this tax. Even those with only moderate wealth may need to take action, particularly if they own property, have savings and pensions or have business interests.

With so many changes afoot with inheritance tax, it is now more important than ever to consider whether you have made sufficient provision to look after your loved ones after your death.

Date:
Wednesday 4 May 2016

Timings:
4.30pm - Registration and refreshments
5.00 pm - Presentation
6.30 pm - Finish

There will be a question and answer session at the end. If there are any specific questions you would like answered, do please let us know prior to the evening.

Cost:
Free

Location:
Higgs & Sons
3 Waterfront Business Park
Brierley Hill
DY5 1LX

Topics and Speakers:

  • Passing on the family home - Lucy Obrey
    A welcome announcement by George Osborne during the Summer 2015 budget was the introduction of a main residence nil rate band for passing on the family home.  For estates worth less than £2 million, this relief will be available to be offset against the main residence, when this is left to direct descendants. In a similar way to the current nil rate band, the residential enhancement will be transferrable between spouses and civil partners. We look at how this works in practice and what you can do to take advantage of the changes.

     
  • Deeds of Variation and Trusts under attack - Peter Gosling
    After a person dies it is possible, in certain circumstances for the affected beneficiaries of that estate to enter into a deed of variation, to vary a tax inefficient situation post-death, and achieve inheritance tax savings. A review was announced by George Osborne before the election and an HMRC consultation investigated their use.

    The use of trusts has also been the subject of three separate HMRC consultations. Wealth planning through the use of specific trusts is not just about reducing inheritance tax; it is also about leaving assets to those who matter to you in the most effective way. We look at the outcome of these consultations, cover areas which we believe will be of interest and highlight potential pitfalls and traps for the unwary.

     
  • International matters - Ian Bond
    Less widely publicised is the change to EU succession law in August 2015. English nationals with assets in EU member states may now be able to choose whether their foreign assets are governed by local succession rules or by English law. English clients with assets in EU participating countries may no longer be subject to forced heirship rules (specifying how their assets are to be distributed, without consideration to their wishes). 

    We will look at how these rules apply, and how the will makes clear the succession laws of choice.

Prize Draw:
If you are able to join us for the free seminar, each delegate attending, will be entered into our  'prize draw' to win an Afternoon Tea for Two.

How to book:

To register for this event please complete our online booking form

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