Inheritance tax savings

If you acquire something as a result of someone's death, tax is due in many cases. Before 1 January 2010, the legal term for that tax was inheritance tax. Afterwards, the legal term is inheritance tax. The rates and exemptions for inheritance tax depend on the amount of the inheritance and the relationship the transferee has to the deceased.

There are all kinds of ways to save inheritance tax. One option is to draw up a will in such a way that as little tax as possible is paid.

Another possibility is to set up a donation scheme while alive.
This can make use of the annual donation exemptions. But sometimes it is attractive to donate a bit more and take the gift tax for granted. This is interesting if the gift is taxed at a lower rate than would have to be paid upon death.

Furthermore, good prenuptial, partnership or cohabitation agreements are important for saving inheritance tax.

For more information on saving inheritance tax, please contact us. We will be happy to advise you.