Inheritance tax – helping you to pass on as much of your hard-earned legacy and wealth to your descendants and minimising the Inheritance Tax payable by your estate.
Tax Services
Why Inheritance Tax Planning Matters
Inheritance Tax (IHT) can significantly reduce the value of the estate you leave behind for your loved ones. Without proper planning, up to 40% of your estate’s value could be lost to the HMRC. We help individuals and families navigate the complexities of IHT, ensuring that more of your wealth is passed down to the next generation. By working with an experienced tax advisor, you can make the most of tax-efficient strategies to safeguard your assets.
How We Can Help
Our comprehensive IHT services are tailored to your individual circumstances and include:
1. Reviewing Your Estate
We provide a thorough review of your estate, identifying assets that could be subject to IHT and any potential tax liabilities.
2. Maximising Allowances and Reliefs
We’ll help you make the most of your available allowances, such as the nil-rate band, residence nil-rate band, and gifting exemptions to reduce the taxable value of your estate.
3. Trust and Estate Planning
Establishing trusts can be a valuable tool in estate planning. We guide you through the options, helping you set up structures that reduce your IHT liability while ensuring your wealth is managed in line with your wishes.
4. Gifting Strategies
Transferring assets during your lifetime can significantly reduce your estate’s exposure to IHT. We offer guidance on the most tax-efficient gifting strategies and help you make the right decisions for your financial future.
5. Life Insurance and IHT Protection
We advise on using life insurance policies to cover potential IHT liabilities, ensuring your beneficiaries are not burdened with unexpected costs.
6. Succession Planning
We assist with preparing your estate for future generations, ensuring that your wealth is passed on according to your wishes and in the most tax-efficient manner possible.
