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Making Tax Digital for Business update
Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Bus...Read more >
15 Apr 2017
VAT Flat Rate Scheme - Limited cost trader
Changes are being made to the Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attrac...Read more >
10 Apr 2017
Construction Industry - Subcontractor verification
HMRC have confirmed in the latest Employer Bulletin that changes will be made to the verification of subcontractors in the construction Indu...Read more >
12 Mar 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
Pool cars - are you satisfying the five conditions?
Another tax case has been lost by a tax payer due to them failing to satisfy HMRC that a company car was in fact a pool car.Read more >
13 Mar 2017
What business can learn from sport
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete are equally ap...Read more >
8 Dec 2016
Contact Prime Today
To hear more about our inheritance tax planning service, please contact us for a free initial meeting.Please Email Us >
With the huge increase in property values, Inheritance Tax is an area which could give rise to unexpected liabilities for the unwary. At Prime Chartered Accountants we can provide expert planning advice on the mitigation of potential inheritance tax liabilities.
When planning effective inheritance tax savings, we will give consideration to:
- The use of trusts where appropriate
- Examination of private limited company share structures to ascertain the advantages of any share reorganisation
- Planning in respect of the family home
- Maximising the use of the nil rate band
- Ensuring the wills are tax efficient
- Consideration of lifetime gifts
- Ensuring that all pitfalls are avoided e.g. Gift with Reservation of benefits
- Business Property Relief and Agricultural Property Relief
The Prime team can provide you with advice on how to minimise the impact of inheritance tax. Please contact us to discuss your specific circumstances.
Call Prime Today - we're here to help
If you wish to know more about our inheritance tax planning service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468