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ARTICLE · 12 DECEMBER 2012

Private Client Update - November 2012

Withers LLP
Withers LLP
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This edition covers: Maximising legitimate reliefs Joint bank accounts when sharing may not be straightforward & Prenuptial Agreements life after Radmacher.

United KingdomWealth Management
Patricia Milner
Patricia Milner
Matthew Woods
Matthew Woods
Lucy Johnson
Lucy Johnson
Charlie Tee
Charlie Tee
Janette Cattell
Janette Cattell
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This edition covers: Maximising legitimate reliefs Joint bank accounts when sharing may not be straightforward & Prenuptial Agreements life after Radmacher

Maximising legitimate reliefs

The morals or otherwise of tax mitigation has been one of the main news stories this year and has generated many column inches. It has become a social stigma and many people understandably are recoiling from the very notion of doing anything to mitigate their tax affairs. However, there are many standard inheritance tax planning steps that anyone can take without running the risk of winding up on tomorrow's front page. We set out below some of these main planning tips.

1.  Maximise business and agricultural property reliefs If you have property which may qualify for either business property relief or agricultural property relief, then it is important to ensure that all the necessary conditions are met. Sometimes, a small restructuring of a business or farm is all that is

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