UK Inheritance Tax - How to Avoid It

International Tax Advice for US & UK Expats

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Looking to avoid inheritance tax in the UK? This guide provides you with all the knowledge and resources needed to minimize or outright avoid UK inheritance tax.
Looking for a new Real Estate Property Tax Specialists? www.optimiseaccountants.co.uk...
United States (US)
Get an Individual Tax Identification Number (ITIN) here £295: www.optimiseaccountants.co.uk...
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Use our free US tax calculators: www.optimiseaccountants.co.uk...
United Kingdom (UK)
Use our free UK tax calculators: www.optimiseaccountants.co.uk...
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Claim Capital Allowances here www.optimiseaccountants.co.uk...
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Inheritance Tax Planning www.optimiseaccountants.co.uk...
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Опубликовано:

26 июл 2024

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Комментарии : 27

@Simon-Misiewicz-US-UK-Taxes Год назад

Request a call back: If you are looking for a new US or UK real estate property tax specialists contact us here: survey.zohopublic.com/zs/80zrXp

@Tevecdance 4 месяца назад

We’re looking at Dubai and Switzerland.

@Simon-Misiewicz-US-UK-Taxes 4 месяца назад

Very different weather and culturally those countries 👍

@teresamartini10 Год назад

I want to move to Costa Rica! They have amazing nature and people are so very nice! Oh, yes, and income tax is only 20%

@Simon-Misiewicz-US-UK-Taxes Год назад

Have a great new life in Costa Rica 🇨🇷 🤞🙏

@davidcalvert-smith4633 Год назад

If the solution here is to sell all your assets and pay the CGT - what is the point of moving!?! Instead why not just reinvest the capital in a company structure that ensures the he value of the company goes directly to the kids?

@Simon-Misiewicz-US-UK-Taxes Год назад

That is possible provided the assets are in a company and you have a SMART company structure. However, what about your home, art, cars, bank accounts etc. this would be subject to IHT but not necessarily CGT.

@grantbudd124 Год назад

What if you are the recipient of an estate but left the UK 20 years ago and haven't paid tax or NI contributions in the UK since?

@Simon-Misiewicz-US-UK-Taxes Год назад

Read this to understand the complexities of IHT: www.step.org/step-journal/step-journal-decjan-2012-13/richard-burton-red-suits-and-santa-clore-tricks-and-traps#:~:text=Renowned%20actor%20Richard%20Burton's%20request,an%20IHT%20bill%20of%20GBP2.

@baijuthomas3716 Год назад

What if you sell property and leace but you still have the SIPP and ISAs active .does this still attract IHT on the Property sold ?

@Simon-Misiewicz-US-UK-Taxes Год назад

This is a bit too complex to answer here sadly

@pankajrohra1432 Год назад

Hi, I have a query on inheritance tax. Can you guide me?

@Simon-Misiewicz-US-UK-Taxes Год назад

The best think to talk about IHT is to book a consultation with our qualified accountants/qualified tax advisor. The 60 minute call provide the most benefit given your situation. Please upload as much information and supporting dictators ahead of the tax consultation. All our tax advisors meet in the morning and will collectively discuss your situation. They will agree on the most tax efficient solution. The calls are recorded and sent to you with our tax notes when the call ends. We will also provide you with after call support via email to answer any lingering questions or concerns Please use the code CRM20 to get a 20% discount optimiseaccountantsltd.as.me/optimiseaccountantstaxconsultation Warm regards Simon

@Dressagevids Год назад

Don't die.....works for me

@Simon-Misiewicz-US-UK-Taxes Год назад

Sound like a good plan. Pity it won’t work for anyone 😢

@Simon-Misiewicz-US-UK-Taxes 4 месяца назад

I like that one 😄😂

@silviafarfan2523 Год назад

I didn't learn much in this video. I still don't know how you can pull off the 0% IHT by going to Spain. Won't you be subject to paying IHT in your destination country? Most people might be better off staying in the UK and using the 500K allowance wisely.

@Simon-Misiewicz-US-UK-Taxes Год назад

There are many people in my position that would pay a lot of inheritance tax hence moving to a lower tax country that was shown in the table towards the back end of the video

@Simon-Misiewicz-US-UK-Taxes Год назад

How will I pay 0% UK inheritance Tax (IHT) to HMRC? I left the United Kingdom (UK) Read about our IHT services www.optimiseaccountants.co.uk/services/inheritance-tax-advisors/ Need a buy to let mortgage? survey.zohopublic.com/zs/GuCCYx

@ibrahim_sultan101 Год назад

Simon, IHT in Spain is 34%. Why did you escape the UK over 6% when you could have planned your finances smartly in the UK, isn't this the kind of service you're selling? If one were to live in the UK but own a burial plot in a zero IHT country (say UAE, KSA, Iraq, Israel, etc..) and upon death in the UK their remains are shipped abroad & buried there, what impact will this have on their UK IHT liability?

@Simon-Misiewicz-US-UK-Taxes Год назад

You might need to do more research. Spain inheritance tax is not 34% as each region declares there own estate tax charge. Andalusia death tax is 1% over €1n This is smart for me, no? Plus I left the UK for many reasons but smart enough to choose my place to live. Having a burial plot is a myth. It is we’re you intend to live and die that matters