Inheritance Tax On Properties - Nova

Inheritance Tax On Properties

 

Nova Financial Ltd featured in Property Question Time on the Property Sky Channel 198

Our Managing Director Paul Mahoney on the Expert Panel:

Bonnie Bilson: It says, “I’m five years away from paying off my mortgage. The value of the property is currently $750,000. I want to make sure that when I do have it paid off, I can protect the value of the house for sharing among my children without losing any of the value in death duties or other taxes. Can I assume that pre planning this is the key and that there is a way that I can do this?”

Paul Mahoney: Well, only that I agree with Tony. Seeking advice on these things is very important. Especially, as you start to build wealth it becomes more and more important. As Tony mentioned, it’s essentially a tax on the wealthy. And as that wealth builds, the repercussions of it become larger. So seeking advice and doing it in the right time, don’t wait until you’re going to fall off the perch as Tony says, do it well and truly in time. ‘Cause the more you plan, the better the outcome you’ll achieve.

T: 0203 8000 600 W: Nova.Financial E: info@nova.financial

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