Inheritance Tax Planning (IHT)

Having worked hard all their lives and built up a reasonable estate, most people wish to pass as much of their wealth onto their chosen loved ones. However, inheritance tax is affecting an increasing number of individuals and households as higher incomes, increased property prices and investment growth have seen the average estate value now in excess of £325,000, which is the starting point for Inheritance Tax.

However, it is possible with careful planning and good advice to mitigate or avoid Inheritance Tax charges altogether.

The first thing we do is to carry out a full analysis of your current financial position to establish the impact of Inheritance tax on your estate. We take into account the efficiency of your Will, your personal circumstances and domicile status, and will then complete a full valuation of your estate.

We will then calculate your current Inheritance Tax position. If we can assist you in mitigating your Inheritance tax liability we will give you recommendations on the choice of action you can take. We will consider the use of exemptions, the application of Business Property Relief, the use of Trusts, the ownership of the matrimonial home and the implications of Long Term Care funding on the Estate.

We work with the major Insurance companies, using the various Trust arrangements for planning purposes and Insurance policies to fund potential future Inheritance Tax liabilities, to help ensure that your bequest is transferred intact.

We understand the complexities of Inheritance Tax and will help you take advantage of the best solutions to meet your requirements.

The Financial Services Authority does not regulate tax and trust advice.