How to Stop the Irish State Taking 33% Inheritance Tax
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In this episode, we break down why inheritance tax can result in the same wealth being taxed twice, and why doing nothing is often the most expensive option of all.
We cover:
- Why inheritance tax can wipe out over 33% of a family estate, even after a lifetime of income and capital taxes
- The key reasons to consider gifting assets during your lifetime, including protecting today’s thresholds and future growth
- How control can be retained using trusts and family partnerships, while still reducing tax
- Other powerful planning tools, including familial allowances, exempt assets, and Fair Deal planning
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