Inheritance Tax

Estate or Inheritance Tax (IHT) planning protects your wealth and controls the way it’s distributed after you have gone.

An increasing number of estates are falling within the scope of Inheritance Tax (IHT). Since IHT is charged at 40%, a failure to plan ahead could leave a significant dent in your legacy. It is a complex tax, and there are many pitfalls and misconceptions about the way it works.

There are a number of measures you can take to meet your objectives for your estate, starting with putting in place a will that truly reflects your wishes. 

We can help you in the following areas:

  • Making the best of the available reliefs and exemptions 
  • Putting in place a plan for lifetime giving, since gifts can be exempt from IHT – we can help you take full advantage of this
  • Ensuring that you make the most of the enhanced residential nil rate band if it is available
  • Discussing whether using trusts would be helpful
  • Assist with charitable giving to maximise available tax relief 

The above list is by no means exhaustive. Please get in touch if you would like more detailed advice. We’ll start by advising you on your current exposure to IHT, before discussing the best way forward. All advice is, of course, tailored to your own particular circumstances.

Estate planning is often an emotive and complex topic to come to grips with, but the sooner you have a plan in place, the more effective it is likely to be.

Why not get in touch with us and find out how we can help you?

We would love to find out how we could help you. Simply click the button and we’ll be in touch for an informal, no-obligation chat.