Inheritance Taxes

help and support with all your IHT planning needs.

Explain how IHT works

Assess your current exposure to IHT

Advise on your entitlement to statutory exemptions and reliefs

Offer guidance on making gifts to family and the use of trusts

Help you understand how IHT may impact you, your family and your business

Explain trust and estate compliance and reporting obligations

An individual residing in the UK is typically subject to IHT on their worldwide estate. A 40% tax rate means that without careful planning, a large proportion of your estate will pass on to HMRC rather than your family. That’s why IHT has been commonly described as a ‘voluntary tax’ as it has the ability to greatly impact the amount of wealth that you’re able to pass on to your family.

By taking the time to give early consideration to your circumstances, it’s possible to preserve family wealth and reduce your tax bills. IHT planning is about reducing your exposure to tax whilst retaining the assets and income, maintaining flexibility and control over any arrangements that are made.

IHT may be mitigated with proper and often simple planning, ranging from lifetime planning, will planning or even after death variation.

Talk to us about creating a plan for you that will benefit those you care about the most and ensure your assets and your business transfers in the most efficient way.