How wealth firms can tackle the next-gen client conundrum
Substantial business could walk out of the door if relationships are not built early enough
IHT
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The importance of understanding domicile
Novia Global’s Paul Forman breaks down this complex area of financial planning
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3.7% rise in IHT receipts
Sum collected by the UK taxman has doubled in a decade
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HMRC unveils inheritance tax tool
It will ‘prove valuable to those who are unfamiliar with the process and the forms requiring completion’
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Which asset could help minimise IHT liabilities?
People could get back as much as 25% of the payable tax
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Demand for inheritance tax advice soars in the UK
Majority of advisers expect this trend to continue throughout 2021
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Private client firm buys IHT portfolio service business
Offering is a ‘prudent planning tool’ for investors
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UK government rejects proposed changes to tax regime
Its ‘wishy-washy’ response to the recommendations shows ‘how delicate the situation is’
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IHT threshold freeze to hit 31% of UK advice clients
But only 17% are set to suffer from frozen LTA
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Why is personal tax so complicated?
Lay people unlikely to know – let alone understand – the hundreds of reliefs, exemptions and allowances
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Fund manager launches socially responsible Aim IHT service
Firm says it is ‘the first of its kind in the market’
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IHT refunds reached six-year high in 2020
‘More people are becoming aware they can reclaim overpaid inheritance tax’