Economist Jim Power on the transfer of family wealth, legacy planning and Inheritance tax in Ireland

Описание: In this podcast, renowned Irish Economist Jim Power delves into the essential aspects of inheritance tax and its implications for the transfer of family wealth and legacy planning in Ireland. He is joined by Mr David Bruton, Head of Tax and Accounting at Nathan Trust.

Jim Power, a renowned financial expert, provides a thorough analysis of inheritance tax rules, strategies for minimising tax liability, and practical advice on how to effectively plan your estate in Ireland. Whether you're managing your own wealth or preparing to inherit, this episode offers valuable insights to help you navigate the complexities of inheritance tax and secure your financial legacy. Don't miss out on the crucial tips discussed and expert guidance on tax structures.

Jump to the section:
00:00 – Introduction
2:30 – The rise in thresholds vs. inflation
4:14 – Capital Acquisitions Tax
7:37 – Intergenerational transfer of wealth, tax on assets, what are the implications
11:08 – Changes in the Inheritance Tax system in the future
14:18 – Rising thresholds
17:53 – Getting on the housing ladder
19:15 – Where is the property trend going/ Social solidarity
22:02 – Tax on assets
25:10 – People facing issues regarding inheritance tax planning
26:49 – The implications of an aging and growing population
28:48 – How Nathan Trust can help you with your legacy planning
30:05 – Small gift exemption
34:10 – International clients/inheriting assets abroad
37:55 – Is it competitively disadvantageous to move to Ireland?

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ABOUT US:

Nathan Trust specialises in helping you incorporate in Ireland and take care of your corporate governance, tax and accounting, HR, and business needs.

Our areas of expertise range from incorporations and annual Companies Office compliance to share restructuring and corporate dissolutions. We also provide specialist advice on the rules surrounding audit exemption, voluntary and involuntary strike-off and members voluntary liquidations.

Whatever the entity type – be it a limited, unlimited or guarantee company – we can provide expert advice across a wide range of ever-expanding global jurisdictions.
We also have extensive knowledge in the establishment of external companies, charities, co-operatives and friendly societies.

Nathan Trust was established in 1999 to meet the growing demand for specialist services and advice in the area of Irish Company Law, Company Secretarial Practice and Corporate Governance.

Here at Nathan Trust, we can provide a cost-effective and efficient solution to reduce the administrative burden and allow you to focus on your core business activities.

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