Succession and inheritance tax planning
City Capital, in tandem with respective tax specialists as required, can recommend how best to assess and minimise the impact of inheritance tax. Our advice ensures that all available exemptions and allowances are utilised. This may involve the writing of wills and trusts.
To help mitigate tax, there are many possible courses of action, including efficient wills, trusts, life assurance, gifts and creative investment approaches.
It is critically important to establish clear objectives and plans should always be reviewed as clients get older or their circumstances change. A client in their late forties for example, might not yet be ready to pass wealth to their children until feeling comfortable that the asset would not be needed for personal needs. Indeed, this could still be the case for those aged in their sixties and seventies. This is a legitimate recurring dilemma and is best handled by a combination of solutions.