Tax consultancy
Budget: £750 – £1,500 GBP
My partner Val and I have been together for over ten years during which we have treated all our assets - property, SIPP, ISA, Pension etc - as part of a single "virtual pot".
All real contributions and withdrawals to meet personal needs have been registered initially and in an on-going fashion with the intention of re-assigning our total in such a way as to calculate actual individual ownership of our total assets when this agreement ends be that separaration or death.
As we grow older, death becomes the more likely of these and we now realise that we need a far better understanding of the legal, accounting and tax implications of our situation.and how best to proceed .
To this end, we now seek expert help in conducting a review of our situation and, in particular, how best to avoid any unnecessary payment of tax in the coming years and on death.
I am 75, Val is 66 and our "virtual pot" is estimated to be worth £1M of which Val owns 75%
All real contributions and withdrawals to meet personal needs have been registered initially and in an on-going fashion with the intention of re-assigning our total in such a way as to calculate actual individual ownership of our total assets when this agreement ends be that separaration or death.
As we grow older, death becomes the more likely of these and we now realise that we need a far better understanding of the legal, accounting and tax implications of our situation.and how best to proceed .
To this end, we now seek expert help in conducting a review of our situation and, in particular, how best to avoid any unnecessary payment of tax in the coming years and on death.
I am 75, Val is 66 and our "virtual pot" is estimated to be worth £1M of which Val owns 75%