Inheritance Tax | Infinity Financial Solutions https://www.infinitysolutions.com/category/blog/inheritance-tax/ Infinity specialises in providing superior financial planning solutions to expatriates throughout Asia and across the world. Tue, 28 Jan 2025 23:16:12 +0000 en-US hourly 1 Education fee planning: UCAS is done, now how will you fund your child’s university education? https://www.infinitysolutions.com/blog/education-fee-planning-ucas-is-done-now-how-will-you-fund-your-childs-university-education/ Tue, 28 Jan 2025 23:07:56 +0000 https://www.infinitysolutions.com/?p=12757 Last year the UK government officially announced a rise in minimum tuition fees for universities in the UK. As the UCAS deadline for university applications in the UK closes this week, many parents are panicking about how they are going to fund their child’s university education. Are you prepared?   How will I fund my…

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]]> Financial planning and the UK Budget Autumn 2024: key takeaways for expatriates in Asia https://www.infinitysolutions.com/blog/financial-planning-and-the-uk-budget-autumn-2024-key-takeaways-for-expatriates-in-asia/ Thu, 07 Nov 2024 01:38:17 +0000 https://www.infinitysolutions.com/?p=12576 Last week, Rachel Reeves, the Chancellor of the Exchequer, delivered Labour’s first budget since 2010. Here’s a roundup of the main points.   UK Autumn Budget highlights The UK’s Autumn Budget for 2024 was groundbreaking as the first ever to be delivered by a female chancellor. It was also Labour’s first budget since 2010 and…

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]]> UK inheritance tax changes to be implemented in 2025 https://www.infinitysolutions.com/blog/uk-inheritance-tax-changes-to-be-implemented-in-2025/ Wed, 24 Apr 2024 01:18:08 +0000 https://www.infinitysolutions.com/?p=12120 In the UK Spring Budget 2024, the UK government announced major changes to inheritance tax rules in the UK. What does the change from a domicile-based to a residence-based system mean for non-UK domiciled individuals? The current domicile-based system Currently, the UK applies a domicile-based system.  Individuals who are UK-domiciled or deemed UK-domiciled are subject…

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]]> Australian Tax Planning For Expats https://www.infinitysolutions.com/webinar/australian-tax-planning-for-expats-in-asia/ Thu, 06 Jul 2023 02:34:13 +0000 https://www.infinitysolutions.com/?p=11633 If you are an Australian expat living in Asia or thinking about returning to Australia at some point, join me for a webinar designed precisely with you in mind. Matt Heron, Tax Planning Division Manager of Australasian Taxation Services at SMATS Group, will share his unrivaled knowledge of the financial issues faced by Australian expats.…

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]]> 10 Things You Need To Know About Trusts https://www.infinitysolutions.com/blog/10-things-you-need-to-know-about-trusts/ Thu, 27 Jan 2022 08:38:15 +0000 https://www.infinitysolutions.com/?p=9659 Trusts are an extremely useful financial planning tool. A trust fund is a legal entity that is frequently used by the rich, but many ordinary households are unaware of how they can help with estate planning to protect assets and mitigate tax. Here are 10 things you need to know about trusts. 1. Trusts are not…

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]]> A Comprehensive Guide To Working Out Property Tax in UK Regions For Expats in 2021 https://www.infinitysolutions.com/blog/guide-to-working-out-property-tax-in-uk/ Fri, 08 Oct 2021 03:58:27 +0000 https://www.infinitysolutions.com/blog/expatriate-financial-planning/5-ways-to-reduce-your-potential-inheritance-tax-liability-in-the-uk-copy/ The post A Comprehensive Guide To Working Out Property Tax in UK Regions For Expats in 2021 appeared first on Infinity Financial Solutions.

]]> Five Financial Planning Challenges Faced By The LGBTQ+ Community https://www.infinitysolutions.com/blog/five-financial-planning-challenges-faced-by-the-lgbtq-community/ Thu, 17 Jun 2021 23:00:30 +0000 https://www.infinitysolutions.com/?p=8639 Members of the LGBTQ+ community are no strangers to overcoming hurdles. Whether it’s fighting discrimination in the workplace or demanding equal rights for same-sex couples, there is still a long way to go in many parts of the world to gain true equality for those who identify as LGBTQ+. And there is no shortage of…

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]]> Reducing Inheritance Tax Using A Discounted Gift Trust https://www.infinitysolutions.com/blog/reducing-inheritance-tax-using-a-discounted-gift-trust/ Mon, 28 Sep 2020 01:37:36 +0000 https://www.infinitysolutions.com/?p=6503 Here we take a fictional couple, Barry and Joan, both of whom are UK domiciled, and show how setting up a discounted gift trust reduced their IHT liability from £204,000 to £26,000. Reducing inheritance tax: a case study of a UK-domiciled couple The situation: Barry, 65, and Joan, 63, were both born in the UK…

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]]> 5 Ways To Reduce Your Potential Inheritance Tax Liability In The UK https://www.infinitysolutions.com/blog/5-ways-to-reduce-your-potential-inheritance-tax-liability-in-the-uk/ Mon, 28 Sep 2020 01:36:06 +0000 https://www.infinitysolutions.com/?p=6497 It is often said that there are two certainties in life – death and taxes – but we can probably add a third– the fact that no one likes their money to go to the taxman! In our webinar on expatriate financial planning and trusts (you can download the webinar and listen in full here), Infinity…

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]]> An Overview Of Domicile And UK Inheritance Tax https://www.infinitysolutions.com/blog/an-overview-of-domicile-and-uk-inheritance-tax/ Mon, 28 Sep 2020 01:35:13 +0000 https://www.infinitysolutions.com/?p=6493 Most of us would like to keep the taxman’s hands off our hard-earned assets when we die so that they go to our loved ones. Trusts are one tool that can be utilised to make that happen. In order to ascertain whether a trust could be used to reduce your IHT liability, you need to…

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