Lambert Roper & Horsfield Limited Accountants Calderdale
Business Services

Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

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Private Clients

The financial world is a complicated place and there are times when you’ll need some expert help.

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Wealth Management

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

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Specialist Services

We also provide specialist services to a range of other clients.

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About Lambert Roper & Horsfield Limited


Taking care of you and your finances

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

The better care you take of your money now, the better it will be able to take care of you in the future – and the good news is that there is never a bad time to start thinking about your finances.

At LRH Wealth Management, we offer you access to the wide-ranging knowledge and expertise of our consultants to look after all aspects of your financial life.

Because we look at the big picture when it comes to your finances – both business and personal – we are ideally placed to provide expert advice and identify solutions that are right for you, at every stage of your financial life.

Global best practice has consistently identified professional financial planning as the key to delivering value to clients – not market timing or stock selection.

So often investors chase today’s best sector, fund or star fund manager. Rarely do these produce consistent returns year after year. Investing in a fund that is already performing strongly will almost certainly cost you dear. A recent study* has found that trying to jump on an investment bandwagon costs an investor on average 1.2 percentage points a year, because they mistimed the market.

Today, modern financial management is all about financial planning – with you, the client, at its core. LRH Wealth Management provides a financial planning service based on ‘Cashflow modelling’ and is underpinned by independent financial advice on personal and corporate investment, pensions, protection, and inheritance tax planning.

In creating a financial plan, we use a six-stage process that includes the initial discovery meeting and our detailed research to find suitable investment options. This is followed by reports, financial health checks and forecasts and then our recommendations, implementation and regular on-going reviews.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

* The research from Cass Business School uses Investment Management Association (IMA) data from 1992 to 2009. The study shows investors who chase returns – investing more money following periods of strong market performance and withdrawing less following periods of weaker performance – will generate a return 20 per cent lower than could have been achieved from a simple buy and hold strategy over the same period.

We have moved!


After almost 25 years at the Old Woolcombers Mill in Halifax, LRH Chartered Accountants have moved to new premises in … Continue reading →

Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

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Latest News

Gifts out of income and their benefits to beneficiaries

June 6th, 2018

Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts work in practice?

Gifts provided from surplus income – i.e. income less usual expenditure to maintain your standard of living – are not considered as remaining part of a person’s estate, regardless of how long they survive for following the gift and should, therefore, be free of inheritance tax (IHT).

Under the current rules, there is no limit on the amount that you can give away as a gift out of income, but it is recommended that a letter of intent is prepared when making such regular gifts.

This can be provided to HM Revenue & Customs (HMRC) in the event of a short period of giving due to a change of personal circumstance. In addition, there is no requirement for the donor to survive seven years for the gifts to be free of IHT, unlike lifetime gifts.

Where gifts are to be made to a minor, and regular payments may not be appropriate, then a discretionary trust into which the payments are made might be more suitable.

Normally, there is IHT on the transfer of income into the trust if the nil rate band is exceeded, although the accumulated income in trust will not use up the Nil Rate Band. However, this does not apply where regular gifts out of income are made.

Please note that there is an IHT charge every 10 years based on the value of the trust’s assets at the date of the 10 year anniversary and the maximum tax rate is six per cent.

The 10 year charge can be avoided by distributing the assets in the trust prior to the 10 year anniversary of the trust. Alternatively, a number of different trusts could be set up with the amount invested into each trust restricted so that the nil rate band is not exceeded at the 10 year anniversary of the trust. However, the growth in the value of the assets in the trust would need to also be taken into account.

The trust should have no other assets in addition to the regular gifts out of income and each should be set up on a different day, as multiple trusts set up on the same day are aggregated for the purpose of determining whether the Nil Rate Band has been exceeded at the 10 year anniversary.

Those considering giving away surplus income should keep a record of the gifts and record their income in the fiscal year, including expenses, as this would be required by the executors to ensure no inheritance tax is payable.

Link: Inheritance Tax: Gifts

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