New Inheritance Tax (IHT) statistics released by HM Revenue & Customs (HMRC) shows the Government continues to collect more from the tax. Inheritance Tax receipts for April to July 2021 were £2.1 billion, an increase of £500 million from the same period in the previous year.
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The Government has also confirmed that due to the impact of coronavirus, the higher receipts over the last year are expected to rise further.
Andrew Aldridge, a Partner at Deepbridge Capital examined some of the options available "This latest data from HMRC showing an increasing uptake in receipts for inheritance tax highlights how easy it is for individuals and couples to generate a potentially large inheritance tax bill when they die, despite not being what they may perceive as ‘wealthy’.”
With prudent Inheritance Tax planning, you can maximise the estate passed to future generations.
Furthermore, does it not make sense to ensure such planning is also supporting green energy projects which will enable those next generations to live in a cleaner world?
The Deepbridge Estate Planning Service provides subscribers with access to a portfolio of Business Relief qualifying renewable energy assets; driving renewable energy transformation, whilst offering IHT exemption after just two years. Investing in trading companies that operate in renewable energy assets, which generate and export electricity and derive revenues from investment-grade counterparties, namely the UK Government, by way of subsidies where available, and the energy supply companies.
At Deepbridge, we invest in trading businesses that have substantial tangible assets, relatively predictable revenues and no gearing. We believe that renewable energy projects are therefore an ideal asset class for Business Relief investing.
To read more information about Deepbridge Estate Planning Service, click here.
The underlying investments are in unquoted companies, and are therefore both illiquid and high risk, it may be difficult to sell shares because of the lack of an existing market. Investments are not suitable for all investors and investors should not consider investing unless they can afford the full loss of their investment. Any investment in a Deepbridge proposition will be made solely based on the final version of the respective information memorandum and the customer agreements. Please be aware that past performance is not a reliable indicator of future performance. The value of investments may go down as well as up and you could lose all or any of the amounts you originally invested.
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