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The Property Podcast

ASK240: What’s the best way to avoid inheritance tax? PLUS: What’s the secret to a strong partnership?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.82K Ratings

🗓️ 16 June 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Happy Tuesday! We’re back with another Ask Rob & Rob.  First up we’ve got Jess who’s got a question about inheritance tax. Her parents have around £200,000 tied up in their home with no mortgage, and she’s been trying to figure out a way to make sure funds/assets are protected should the inevitable happen. They want to avoid the pitfalls of the dreaded inheritance tax! Is property the right way to go? Are there any resources Jess should be aware of? Of course, Rob & Rob aren’t accountants or tax advisers however, Rob D had some insights to share which Jess should find comforting. Only 4% of people who died last year paid inheritance tax - so should Jess be worrying? And what can Jess’ parents do now to minimise any issues Jess might face further down the line? Listen to find out.  Our second question is from Stuart who wants to talk about The Robs’ business relationship. He wants to know how Rob & Rob met and how they decided to go into partnership all those years ago.  Tune in to find out how another podcast (we know!) brought them both together and how their ‘founders quiz’ cemented their partnership.  Rob D also has some tips on getting to know your partner slowly rather than marrying them at first sight!  Have a listen and let us know what you thought of today’s Ask Rob & Rob. Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).    Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:07.0

Welcome to Ask Rob and Rob. That special time in the week where we put 10 minutes aside to answer a couple of your

0:13.7

property questions. We've got a different couple of questions today, ones that we

0:17.2

don't normally tackle, so really looking forward to getting into those, but if you've

0:21.0

got a question of your own, first of all you'll need to know how to send it in.

0:24.1

Yeah, you can call in on 013, 808,000.35, leave a voicemail there.

0:30.0

Or you can go to our website.

0:32.1

Got a lovely website.

0:33.3

It's called Property Hub, if you hadn't guessed,

0:35.4

I think it's a Property Hub.

0:36.7

Dot Net forward slash Ask

0:38.9

and you can leave a question there.

0:41.5

So more than one option and really simple.

0:43.8

I remember we normally get lots of property questions in, but this week we've got two

0:46.8

questions that will really help you in property, although may not be property specific.

0:51.2

So let's hear those questions so we can give you the answers.

0:54.0

Hi Robin Rob, hope you well. My name's Jess. My question today is

0:58.3

in primarily property focused but I'm hoping it's something that would be useful to some

1:04.0

of a listeners as well. So it's around the inherent tax. My parents have around

1:11.2

about 200 grand tied up in their house without a mortgage these days

1:15.2

and I've been speaking to my dad recently about how that best looked after going

1:20.8

forward for the inevitable and how that money might then come to

...

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