Inheritance and Gift Tax
Inheritance and Gift tax are paid by the recipient, and therefore it is important for the giving party to assess if the receiver will be in a position to pay that tax.
There are many ways of reducing and planning for these taxes. Advice and careful planning can save you thousands in tax.
If you are making a will to pass assets to the next generation there may be tax consequences for you now and the beneficiaries after your death. It is worth considering ways to reduce taxes when you are making these decisions as it can save you a lot of money and prevent the unnecessary sale of assets and hardship for beneficiaries.
Inheritance and Gift Taxes are the responsibility of the recipient, making it essential for the giver to consider whether the recipient will be financially prepared to cover this tax obligation.
Types of Clients we help:
- Registered Unlimited Businesses – Individual Sole Traders, Consultants, Contractors, Tradesmen
- Limited Companies, Partnerships, Trustees
