Inheritance Tax Transfers

Inheritance Tax Transfers

30 June 2017
Inheritance Tax Transfers

Families who run local businesses are recommended to transfer the property assets from “father to son” now to reduce their tax burden.

Inheritance Tax (IHT) applies when any property is transferred to one’s children.  Marcus Andrews, Chartered Surveyor at Goadsby, suggests making the transfer at an early date as the tax is less if the parent survives for several years before “death”.  Thus there is a potential saving to be made.

Goadsby have undertaken a number of valuations recently to help local businesses (and landlords as property owners) mitigate their tax burden.  He says, “IHT will be based on today’s values even if no money is changing hands and an arm’s length valuation by one of Goadsby Registered Valuers can set a fair sum for Tax”.

If you require valuation help with your “Inheritance Tax Transfers" speak to Marcus Andrews FRICS at Goadsby who can help you.

Related Articles

Goadsby Complete Retail Letting in Shirley High Street, Southampton

12 February

Acting on behalf of private clients the Hampshire office of Goadsby Commercial are pleased to report the letting of 60-62 Shirley High Street, Southampton.

Read more

Goadsby Complete Sub-Letting To Cold Banana On Poole Hill

30 January

Goadsby Complete Sub-Letting To Cold Banana On Poole Hill

Read more

Goadsby Complete Letting Of 352 Ringwood Road, Ferndown

25 January

Acting on behalf of private clients, Goadsby Commercial have completed the letting of 352 Ringwood Road, Ferndown.

Read more
Your session will expire in xx.xx
Continue or Log Out