Inheritance Tax

Inheritance Tax

Traditionally, IHT has been regarded as a tax on the wealthy but today, with many people’s family homes valued in excess of this threshold, it is now more important for the majority of people to consider inheritance tax planning.

Due to the tax planning opportunities that exist, inheritance tax is often referred to as a ‘voluntary tax’. Undertaking inheritance tax planning ensures you have control over who benefits from and how much tax is paid by your estate. It will also ensure you do not leave loved ones with administrative difficulties and maybe having to sell off family assets to pay unexpected tax bills.

There are plenty of things you can do now to make sure you pass as much of your wealth as possible on to your family and friends, instead of the taxman.

Our range of inheritance tax planning services include:

• Preparing a detailed IHT planning report to assess your current liabilities and suggesting IHT planning strategies
• Assisting in implementing lifetime planning
  
• Advising on tax effective will provisions
  
• Advising on the use of trusts in IHT planning, and the interaction with capital gains tax (CGT)
  
• Advising on solutions that attract business property relief
  
• Advising on using insurance based IHT solutions