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
View all news & insights- News
Deeks VAT News issue 49
In this month’s Deeks VAT Newsletter, we delve into the Go City Limited case, where the First-Tier Tribunal addressed the VAT treatment of sightseeing passes. The key question was whether these passes should be seen as a supply of services or classified as multi-purpose vouchers—a distinction that significantly affects the timing and amount of VAT payable. This ruling has major implications for the tourism sector, especially for businesses offering bundled services. For a comprehensive analysis of the case and its potential impact, don’t miss this month’s edition!
- News
Deeks VAT News issue 48
In this edition of the Deeks VAT Newsletter, we delve into the significant Lycamobile case, a landmark in VAT litigation. This case has profound implications for businesses operating in the telecommunications sector, particularly concerning VAT compliance and the interpretation of tax laws across borders. We break down the key aspects of the case, the court’s decision, and what it means for your business. Stay informed on how this ruling could impact your VAT obligations and strategic planning.
- News
Deeks VAT News issue 47
Welcome to this month’s Newsletter August 2024 issue 47 Keeping you up to date on VAT changes In this month’s newsletter we cover the following: How to pay duties and VAT on imports – updated guidance Fulfilment House Due Diligence Scheme registered businesses list updated Inter-company charges: Do I add VAT? New HMRC VAT registration […]
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
Complete the following form and we will be in touch as soon as we can 
