Services for You /Trusts and Inheritance Planning

If all your assets - including your home - are worth £325,000 or over, you could be caught out by Inheritance Tax. It's more and more likely that you will need to consider inheritance tax in your financial plans. Although it used to affect only the very wealthy, a general rise in house prices over the past decade means that more people have fallen into the inheritance tax bracket.

Inheritance tax is payable if the value of your estate exceeds £325,000 (in the tax year 2012/13). Tax on any part of your estate above this threshold may be charged at 40%. Your estate includes everything you own, less any outstanding debts, when you die. Even if you give away some of your assets during your lifetime, such as property or money, they may still be included in your estate if they are given away within 7 years of your death.

There are ways that you can reduce the potential inheritance tax bill, or even eliminate it altogether, so do make an appointment with our team and talk to us for expert advice.

Trusts

The needs and requirements of Trustees can differ from those of private individuals. The legal requirements of the Trustee Act 2000 places a duty upon Trustees to seek advice from a suitably qualified professional in respect of investments held. Do pick up the phone and talk to us, we are here to help.

"The Walker Group has worked with Dutton Moore for more than 30 years. They have acted on behalf of all the Group’s companies and the family and are trusted and highly experienced business accountants, auditors and business advisers."

Lee Davies, A.C.A, Financial Director, Walker Group

"We have worked with Dutton Moore for many years and have always received a first-rate service. The team at Dutton Moore provide us with invaluable accountancy, strategic planning and business advice as we continue to be a growing business in this region."

Simon Gibson, Director at Simon Gibson Transport Ltd, Goole, East Yorkshire

Grain merchants and farmers, Burstwick, East Yorkshire:
"We have been clients of Dutton Moore for more than 20 years – they carry out all our accountancy work and business advice, their service and attention to detail is outstanding."

Jeremy Saunt, Director at Johnson and Saunt

"Dutton Moore are an excellent provider of financial services for significant Hull based businesses such as Smales. We have worked with the firm for many decades and are guaranteed sound financial and business advice, alongside the general accountancy services that they provide. What is key for my Company is the direct involvement of the partners with the Smales management."

Robin Orr B.Com; C.A; C.T.A, Financial Director, F.Smales & Son (F.M.) Ltd, Hull

"Having worked with Dutton Moore for many years now, we have always found the service extremely professional, prompt and courteous. As a growing business over the years their advice has been exemplary and without their valuable assistance in accounting and strategic planning we would have found the many transitions of growth a lot more challenging."

Richard Spencer, Commercial Director, Spencer Signs Ltd, Hull

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Thursday, November 25th, 2021

Make a Will Fortnight, Dove House October 2021

Colin Hamilton and Ann Robinson at Dutton Moore were involved with Dove House in the Make a Will Fortnight and managed to raise a whopping £1,585 for the charity. Anita, the Partnership Administrator handed the proceeds over to Jethro thanking him for asking us again this year for our involvement in the fundraising. She said we as a firm understand the press...

Wednesday, October 27th, 2021

Budget response from Dutton Moore...

Responding to today’s budget from Chancellor Rishi Sunak, Managing Partner Tony Bullock, offers some commentary on the announcements: Although the chancellor has warned that there are “challenging” months ahead – the forecasts are looking more positive for our economy as we emerge out of restrictions. Inflation in September was 3.1% and likely to ...

Tuesday, October 19th, 2021

Dutton Moore Trainee Flying High with Exam Success

Congratulations to accountancy trainee Francesca Wilkinson who has completed her AAT (Association of Accounting Technicians) qualification and is now studying to be a fully qualified Chartered Accountant (ACA) after a successful start to her tenure in Dutton Moore’s in-house training scheme. Frankie, who has just turned 21, joined Dutton Moore Chartered Accounta...