Inheritance Tax Planning

Inheritance Tax (IHT) is the tax paid on assets (after you have deducted allowances) when someone dies.

It’s a growing concern for many, and while increasing allowances on property left by parents and grandparents have eased the tax burden slightly, in a worst-case scenario, it may mean that your family only receives 60% (after all available allowances) of the wealth you hope to leave as their inheritance.

Our specialist tax planning team will work with you to understand how you want to pass on your estate and help you put measures and structures that ensure the wealth you have worked hard to accumulate isn’t swallowed up by IHT.

The specialist IHT planning areas we can advise you on include the following:

• How to make Potentially Exempt Transfers

• How to make Chargeable Lifetime Transfers

• How can you benefit from Business Property Relief

• How you can qualify for the Residence Nil Rate Band

• How you can use trusts to protect assets

• Avoiding gifts with reservation of benefits.