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Nov 6 2019 | Iain McCulloch

How to save inheritance tax on your property portfolio

In September, the team were delighted to speak at the annual Southampton Property Show, held at the prestigious AA 5-star Southampton Harbour Hotel. The one-day event brings together landlords, investors and property professionals from across Hampshire.

Our financial advisors Stewart Davidson and Hannah Donoghue delivered a seminar on “How to save inheritance tax on your property portfolio” as well as exhibited on the day.

Stewart said: “It was a fantastic event to be a part of. Very well attended and we were delighted to have the opportunity to share our insight with local property professionals. The organisers attracted a significant number of valuable speakers, I’m sure everyone who attended got a lot of value from the day.”

So how can inheritance tax savings be made on a property portfolio?

The answer is… Estate Planning!

save inheritance tax

Estate planning is about ensuring that your loved ones are provided for after your death and putting the right financial plan in place now can help make sure they can benefit from your estate.

Whilst Inheritance tax can have a significant effect on your estate, it is possible to mitigate this impact with astute estate planning. A well-planned and properly drawn up will, the transfer of assets through lifetime gift and trust solutions are means of managing your tax liability.

If you’ve not yet considered estate planning, or perhaps you’ve created a plan some time ago and your finances have changed, it would be worthwhile speaking with the team at HJS Financial Planning. We offer estate planning services, including independent Inheritance tax advice so we can help ensure that everything is in place when it comes to the future of your financial affairs.


Tax Planning – What else?

Smarter Protection

If you own a small business there’s a smarter way to buy life cover for yourself and your key employees.  With a relevant life policy, the business makes the payments, not the person who’s covered.  Based on our current understanding of tax law (which can change in the future and tax treatment depends on individual circumstances) this means you won’t pay any National Insurance Contribution or Income Tax on the premiums but still get the benefits of Corporation Tax Relief.

ISA allowances – Don’t wait until the tax year end!

If you have unused ISA allowances, why wait until the tax year end to put them to use? Our team of financial advisors can help you to make the most of tax efficient investing, today! Contact the team on 02380 920128 or email financial@hjssolutions.co.uk.

For the latest on pensions advice, retirement planning or wealth management, visit the HJS Financial Planning website.