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Number of families affected by Inheritance Tax due to rise

Rachael Dronfield - 30 June 2014

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Recent forecasts produced by the Treasury indicate that the number of families faced with inheritance tax bills will have risen by one third during 2013, with the number of families affected only set to rise over years to come.

Inheritance tax remains a deeply unpopular tax amongst the British public, yet it is estimated that over a quarter of a million families will be paying 40% Inheritance tax on family estates over the next 5 years, often as a consequence of booming property values.

This serves to illustrate the importance of taking proper tax and financial planning advice to ensure that when the inevitable happens, you have done all that can be done to preserve the value of your estate for your family and loved ones.

Contact Rachael Dronfield for more details, or to arrange a meeting to discuss your personal circumstances.

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Rachael Dronfield

Prior to joining Shorts, Rachael gained 13 years’ experience with Grant Thornton, specialising in inheritance tax, will planning and trust matters. Widely acknowledged as one of the leading private client advisers in the region, Rachael has considerable technical knowledge and experience. Rachael is a Chartered Tax Adviser, with an advanced qualification and full membership of the Society of Trusts and Estate Practitioners. Coupled with a Diploma in Financial planning, she is perfectly placed to advise individuals and trustees on tax planning opportunities, estate planning and investment strategies. Rachael’s appointment as private client director in January 2014, was a direct response to the growth experienced within the inheritance tax and financial planning sectors, and Shorts’ commitment to strengthening our Private Client team of Wealth Planner and Tax Advisers.

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Tags: Private Client, Business Taxes

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