{"id":24212,"date":"2016-08-28T13:00:24","date_gmt":"2016-08-28T06:00:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dukes-and-other-super-rich-are-not-the-only-ones-who-can-reduce-death-duties\/"},"modified":"2016-08-28T13:10:52","modified_gmt":"2016-08-28T06:10:52","slug":"dukes-and-other-super-rich-are-not-the-only-ones-who-can-reduce-death-duties","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dukes-and-other-super-rich-are-not-the-only-ones-who-can-reduce-death-duties\/","title":{"rendered":"Dukes and other super-rich are not the only ones who can reduce death duties"},"content":{"rendered":"


\nWhile attacked as a way to avoid inheritance task, setting up a trust is a legitimate form of financial planning which is available to anyoneWhen the 6th Duke of Westminster died this month, his son Hugh Richard Louis Grosvenor took on not just his father\u2019s title but also an inheritance estimated at \u00a39bn. Under conventional inheritance tax rules (IHT), this could have resulted in a \u00a33bn bill for the 25-year-old, a figure not far removed from the entire death duty take by the government for the last financial year. Instead, he avoids the sizeable bill because the estate is held in a trust structure set up in the 1950s.Long seen as the preserve of the wealthy \u2013 and criticised as a way for families to pass huge fortunes through generations by avoiding death duties \u2013 renewed interest has now been placed on trusts and future tax planning. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Dukes and other super-rich are not the only ones who can reduce death duties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While attacked as a way to avoid inheritance task, setting up a trust is a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-24212","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6iw","jetpack-related-posts":[{"id":10348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-tax-a-brief-history-of-death-duties\/","url_meta":{"origin":24212,"position":0},"title":"Inheritance tax: a brief history of death duties","date":"April 10, 2016","format":false,"excerpt":"\r In 2014, the latest year for which data is available, 28,000 estates, or 5% of all deaths, were subject to the taxModern inheritance tax dates back to 1894 when the government introduced estate duty, a tax on the capital value of land, in a bid to raise money to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-tax-why-the-new-duke-of-westminster-will-not-pay-billions\/","url_meta":{"origin":24212,"position":1},"title":"Inheritance tax: why the new Duke of Westminster will not pay billions","date":"August 11, 2016","format":false,"excerpt":"\r The fact that Hugh Grosvenor\u2019s estate is held in a trust means that his \u00a39bn inheritance is likely to remain largely intactHad the Grosvenor estate bequeathed to the new Duke of Westminster been liable for 40% inheritance tax, the amount owed to the Treasury would have been not far\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1010,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-tax-set-to-hit-35-year-peak\/","url_meta":{"origin":24212,"position":2},"title":"Inheritance tax set to hit 35-year peak","date":"January 8, 2016","format":false,"excerpt":"\r Estates affected by \u2018death duties\u2019 to reach 45,000 in 2016-17 before new allowance kicks in\r \r Source : ft.com\r Read more...Inheritance tax set to hit 35-year peak","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cutting-inheritance-tax-now-exposes-a-warped-sense-of-priorities-rachel-reeves\/","url_meta":{"origin":24212,"position":3},"title":"Cutting inheritance tax now exposes a warped sense of priorities | Rachel Reeves","date":"March 1, 2017","format":false,"excerpt":"\r This plan to help the wealthiest will entrench the north-south divide. Philip Hammond should dump it and channel the money to early years childcareThere is nothing certain in the world except death and taxes, according to the old proverb. But, unless the government sees sense, we could soon find\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-i-reduce-my-daughters-inheritance-tax-bill\/","url_meta":{"origin":24212,"position":4},"title":"How can I reduce my daughter's inheritance tax bill?","date":"April 23, 2015","format":false,"excerpt":"\r I am worried that my daughter, who is a student, will not be able to stay in our \u00a3500,000 home due to the inheritance tax she will have to payQ I am a single parent with one daughter aged 21 who is in her second year of a six-year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/joan-bakewell-obsession-with-inheritance-of-property-is-anal\/","url_meta":{"origin":24212,"position":5},"title":"Joan Bakewell: 'Obsession with inheritance of property is anal'","date":"February 2, 2016","format":false,"excerpt":"\r Baroness advises older people to enjoy their financial assets while they still can\r \r Source : telegraph.co.uk\r Read more...Joan Bakewell: 'Obsession with inheritance of property is anal'","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24212"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=24212"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24212\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=24212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=24212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=24212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}