Inheritance Tax
Service Offerings
Inheritance Tax Planning
We offer personalised Inheritance Tax planning services tailored to your unique circumstances and objectives. Our advisors assess your estate and assets to develop tax-efficient strategies aimed at minimising potential IHT liabilities for your beneficiaries.
Estate Administration and Probate
Our team provides support and guidance throughout the estate administration process, ensuring compliance with Inheritance Tax regulations and timely submission of required documentation to HM Revenue & Customs (HMRC). We assist executors and administrators in fulfilling their legal obligations, including Probate applications, and maximising available reliefs.
Trust Taxation and Planning
Trusts can be effective tools for mitigating Inheritance Tax liabilities and preserving wealth for future generations. We offer comprehensive trust planning services, including trust establishment, administration, and ongoing management, to help you achieve your estate planning goals.
Lifetime Gifts and Exemptions
We advise on tax-efficient lifetime gifting strategies to reduce the value of your estate subject to Inheritance Tax. Our advisors help you navigate the various gift exemptions, allowances, and reliefs available under current tax laws to optimise your wealth transfer planning.
Business Succession Planning
For business owners, we offer strategic succession planning services aimed at minimising Inheritance Tax liabilities on business assets and facilitating smooth business transitions. We help you develop succession plans that preserve your business legacy and minimise tax implications for successors.
Tailored Solutions
Our advisors take a personalised approach to Inheritance Tax planning, ensuring that strategies are tailored to your specific financial circumstances, family dynamics, and estate planning goals.
Tax Efficiency
Benefit from expert guidance on maximising available Inheritance Tax exemptions, reliefs, and allowances to minimise tax liabilities on your estate and preserve wealth for your beneficiaries.
Compliance Assurance
We help you navigate complex Inheritance Tax rules and regulations, ensuring compliance with HMRC requirements and minimising the risk of penalties or disputes related to estate taxation.
Peace of Mind
Our experienced team provides reassurance and peace of mind throughout the Inheritance Tax planning and estate administration process, guiding you every step of the way and addressing any concerns or questions you may have.
Long-Term Financial Planning
By implementing effective Inheritance Tax planning strategies, you can secure the financial future of your loved ones, protect family wealth across generations, and leave a lasting legacy for future generations.
How Can I Get Started with Your Inheritance Tax (IHT) Advisory Services?
To get started, simply contact our team to schedule a consultation. Our experienced tax advisors will assess your estate planning needs, discuss potential Inheritance Tax liabilities, and develop tailored strategies to minimise tax implications and preserve wealth for your beneficiaries.
What Happens If I Fail to Plan for Inheritance Tax (IHT)?
Failing to plan for Inheritance Tax may result in higher tax liabilities on your estate, reducing the value of assets passed on to your beneficiaries. Proper planning allows you to optimise tax efficiencies, preserve wealth, and protect your family’s financial future.
Can I Use Trusts to Minimise Inheritance Tax (IHT) Liabilities?
Yes, trusts can be effective tools for mitigating Inheritance Tax liabilities and preserving wealth for future generations. Our advisors offer comprehensive trust planning services tailored to your estate planning goals and family dynamics.
What Is the Seven-Year Rule in Relation to Inheritance Tax (IHT)?
The seven-year rule refers to the timeframe within which lifetime gifts and transfers of assets are subject to Inheritance Tax if made within seven years before death. Our advisors can help you understand the implications of the seven-year rule and plan accordingly.
How Can I Minimise Inheritance Tax (IHT) Liabilities on My Estate?
Our advisors offer strategic Inheritance Tax planning services to help minimise tax liabilities on your estate. This may include utilising available exemptions, reliefs, and allowances, as well as implementing tax-efficient estate planning strategies.
What Is the Current Inheritance Tax (IHT) Threshold?
The current Inheritance Tax threshold, known as the nil-rate band, is £325,000 per individual. Amounts above this threshold are subject to IHT at a rate of 40%. Additional thresholds and exemptions may apply in certain circumstances.
What Is Inheritance Tax (IHT) and When Does It Apply?
Inheritance Tax is a tax levied on the estate (property, money, and possessions) of a deceased person. It may also apply to certain lifetime gifts and transfers of assets made within seven years before death. Our advisors can help you understand when IHT applies and how to minimise potential liabilities.