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Are shares in a company liable for Inheritance Tax?

Friday, 07 October 2022

Peter Shand

Asset Protection

Whether shares in a company are liable for Inheritance Tax (IHT) depends on a number of factors. Perhaps the most obvious factor is whether the level of estate is above the IHT threshold. If the value of the estate is less than £325,000, no IHT is payable. However, if the value of the estate is more than £325,000, the liability for IHT on the shares depends on whether the shares are held in a quoted company or a private unquoted company. Business property relief applies to certain types of shares and business assets owned by the deceased.

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The Scotsman: Dickens would be first to applaud philanthropic families helping bridge post pandemic gap

Monday, 01 August 2022

Peter Shand

News/Press

Murray Beith Murray Private Client Partner, Peter Shand considers the multiple benefits of setting up a charitable family trust or foundation in a recent article, republished here by kind permission of The Scotsman:

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Inheritance Tax Planning: Lifetime Gifts

Tuesday, 05 July 2022

Peter Shand

Tax

When it comes to estate planning, Inheritance Tax liability is a key consideration for many. You can mitigate this during your lifetime through gifting. As well as reducing the value of your estate for Inheritance Tax purposes, you can enjoy seeing your loved ones benefit from the gifts. In this article, we consider how you can make the most of lifetime gifting.

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Benefits of using a Family Protection Trust to provide for your family

Thursday, 28 April 2022

Peter Shand

Trusts

If you are looking to provide for your family after you have passed away, you may have considered a type of trust - often referred to as a ‘Family Protection Trust’ or ‘Asset Protection Trust’. As these terms suggest, these types of trusts are designed to protect your family wealth from a variety of different circumstances. While setting up a trust is not right for everyone, it can provide a broad range of benefits under the right circumstances. In this article, we look at some of the protections a trust might afford your assets and your future family wealth.

1799 Hits

Intergenerational estate planning using pensions

Wednesday, 30 March 2022

Peter Shand

Asset Protection

Pensions can be an incredibly efficient way of maximising the inheritance your loved ones will receive after you pass away, greatly mitigating your inheritance tax liability and providing an element of flexibility for intergenerational estate planning. In this article, we look at some of the key benefits of using pensions as part of the estate planning process.

1577 Hits

Insights

Peter Shand

Are shares in a company liable for Inheritance Tax?

The Scotsman: Dickens would be first to applaud philanthropic families helping bridge post pandemic gap

Inheritance Tax Planning: Lifetime Gifts

Benefits of using a Family Protection Trust to provide for your family

Intergenerational estate planning using pensions

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