Inheritance Tax Planning

Inheritance Tax is probably the most unpopular and unfair tax in the eyes of those that are potentially touched by it. However, the Government receives too much money each year to abolish it, certainly in the current environment.

The Government does allow certain exemptions and reliefs, such as Business Property Relief, Lifetime Allowances, Potentially Exempt Transfers, etc which mean that most individuals should be able to reduce the value of their chargeable estate substantially. Our first recommendation would always be to speak to your usual accountant or tax adviser who should be familiar with each of the Government reliefs and exemptions and who should be able to advise you accordingly.

But what if, after these exemptions, you still have a large estate liable to Inheritance Tax?

If the Inheritance Tax liability is expected to be in excess of £100,000, we may still be able to help.

We work with a number of firms that have solutions aimed at those with a large Inheritance Tax issues. Some of these specialise in planning through wills, some specialise in planning through investments, and some seek to use the inheritance tax legislation to provide an immediate reduction in the Inheritance Tax estate.

To be able to put you in touch with the firms that are most suited to your circumstances, we will need to talk to you about your life expectancy and choices concerning beneficiaries, etc.

If you would like to talk to us about Inheritance Tax, please complete the attached questionnaire, and we will contact you as soon as we can.

Questionnaire