One door opens

Another one closes… I know that is the wrong way round but it is how things can work in planning for the future. You want to protect your assets, particularly the family home, so that your family inherit what you have worked hard for.

Making a gift of property to your children can put you at risk and have consequences for Capital Gains Tax. You can defer or avoid tax and increase flexibility and security by putting property in to trust but that can cause an immediate Inheritance Tax bill and result in the loss of important reliefs on death.

We have rules about gifts that are exempt for Inheritance Tax and so we see people giving £3,000 a year away or thinking they have to survive 7 years when they don’t have an IHT problem in the first place. It is also easy to mix those rules up with the restrictions on giving your property away to avoid future care fees but the rules are separate and completely different and sometimes, planning for one thing has a negative impact on something else.

Each case is different and picking a solution off the shelf (or the internet) is not a wise idea. See someone who looks at your individual circumstances, family and financial, knows your aims and your appetite for risk or security and gives you the right information and advice tailored to you.

They might even find solutions to problems you didn’t know you had.

You’re in safe hands

Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

0800 389 2939

Our team are available, 8am-7pm Monday to Thursday, 8am-6pm Friday & 9am-1pm Saturday

Find Your BranchMEET THE TEAM

She'll be glad you planned ahead

Organising your finances today, while planning for the future can be a challenge. We’ll put the kettle on – and take the pressure off.

GET EXPERT FINANCIAL ADVICE

You'll know when it's time to talk

From making a will, to matters of business law our qualified solicitors can offer advice and guidance. Pop in for a chat or call us to make your free appointment.

GET EXPERT LEGAL ADVICE

Sign up for our newsletter

Your details

No charge. Cancel anytime. We value your privacy and will not share your details.

© Poole Townsend 2017 - 2019. All rights reserved.
Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

Professional Indemnity Insurance – please contact Martin Oates at the address above if you require details of cover held

Registered with the Information Commissioners Office for data protection purposes (ICO No: Z5054999)
close

Book Your Free Valuation

Fill out the form below and we'll get in touch to arrange your free valuation.

Your Details

We value your privacy and will not share your details.

Top