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The wealthy (lemy.lol)
submitted 8 months ago by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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https://mastodon.social/@FluentInFinance/111754405817875275

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[-] MNByChoice@midwest.social 3 points 8 months ago

I know nothing of UK taxes, but are there methods of sidestepping those taxes with some planning?

[-] JimmyChanga@lemmy.world 4 points 8 months ago

There are ways to lessen the load, gifts can be given before death though you have to live on for seven years or tax is collected, trusts can be set up, if property is left to a spouse or direct descendent, then up to a certain value it's got a nil rate... but its not great

this post was submitted on 14 Jan 2024
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