ONSIDE / QUESTIONS AND ANSWERS
SITS down next to me...
Seneca’s Ian Battersby, explains the rapidly growing popularity
of Seneca’s Inheritance Tax Service to Michael Taylor
S
eneca’s Inheritance Tax Service
is an attractive way to provide
for beneficiaries without losing
ownership of assets. With the
complexity surrounding Trusts and
the 7 year qualification of Lifetime
Giving, using Seneca’s IHT Service
allows full ownership to be retained
and the potential to obtain 100%
relief from IHT after only two years…
Seneca’s Ian Battersby, explains the
rapidly growing popularity of this
solution to Michael Taylor.
How does Inheritance Tax
legislation work as it stands?
The IHT rate stands at 40% of any
wealth accumulated over a threshold
of £325,000. The cost and complexity
of mitigating IHT with current options
is not always palatable. Critically,
the majority involve passing away
ownership forever