Corporation Tax
Our specialists can assist in a range of VAT & Tax areas
Benjamin Franklin said that “nothing is certain except death and taxes”. In the case of Inheritance Tax (IHT), it couldn’t be truer. When a person dies in the UK, the government levies a 40% tax on the value of their estate. Money, property and possessions anywhere in the world contribute to a decedent’s estate, and the heirs of anyone leaving an estate worth more than a certain value will have to pay IHT. Nor is it limited to the very rich, since rising UK property values have put the value of many estates over the IHT threshold.
Having to deal with these issues when in bereavement just adds insult to injury. At Deeks VAT Consultancy we have the experience and in-depth knowledge to help mitigate the additional pain this can cause. Our specialist consultants can take you through this from start to finish.
Inheritance Tax Planning
IHT is often called a “voluntary” tax, which technically means that people can plan not to pay it. There are several legitimate ways to do this that are built into the IHT structure, though the rules are complicated. With careful forward planning, however, we can help clients to manage their assets so as to maximise the share of their estate that is bequeathed.
This includes knowledge of IHT thresholds and seeking out available allowances and reliefs. Effective IHT planning also involves calculating the value and timing of lifetime gifts and the role of settlements and trusts. It may extend to tallying and reporting estate assets to submit for probate.
At Deeks VAT Consultancy, our IHT experts work closely with our clients to ensure that their estate is passed on with minimum tax liability.
Our Direct Tax Specialist
Simon has over 25 + years of experience working within City law firms and accountancy practices. He is a member of the Association of Taxation Technicians, Chartered Institute of Taxation, Federation of Tax Advisers, Institute of Financial Accountants and the Institute of Public Accountants (Australia).
Visit Simon’s ProfileLatest news & insights
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HMRC Targets Small VAT-Registered Charities with Educational Campaign on Input Tax Apportionment
HMRC’s One-To-Many team is conducting an educational outreach aimed at small VAT-registered charities with turnovers of up to £2 million. This initiative seeks to raise awareness of the obligation to carry out business and non-business apportionment calculations for input tax. The campaign comes in response to a growing number of smaller charities failing to account […]
- News
Deeks VAT News issue 52
Discover Deeks VAT Consultancy’s latest insights: on private school fees-new webinar, explore new support for small businesses, and learn about VIDA’s impact. Gain insights from the 2025 VAT statistics and understand the new levy on gambling operators. Stay ahead with expert guidance from Deeks.
- Articles
- Social
Deeks VAT Monthly Success Review 1
Client Background We recently assisted an elderly client who had been managing a property rental business with her late husband. Following his unfortunate passing in 2022, she found herself navigating the complexities of running the business alone. As the sole owner, she continued operating under the partnership’s VAT registration while in the process of selling […]
Want to find out how we can help?
Here at Deeks VAT Consultancy we can help all types of businesses, either personally or acting on your behalf for your clients. Drop us a message and one of our specialists will be in touch to discuss how we can help.
Jane: +44 (0) 7710 553831
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