Inheritance Tax Planning

A key objective when estate planning is to minimise tax and maximise the assets left to those you intend to.

A death in the family often requires quick work to protect and identify opportunities to safeguard assets. Our experienced team will work with you to avoid future unexpected tax liabilities by reviewing your finances and family wealth in advance.

With current tax charges at 40% on estates worth more than £325,000 even the most modest of homes fall within Inheritance Tax threshold. It is therefore important to plan ahead. We can ensure all the necessary reliefs and exemptions are in place whilst leaving flexibility to review the most appropriate and effective structure for you.

We can advise on

  • Avoiding the ‘gifts with reservation of benefit’ inheritance tax trap and the pre-owned assets tax (POAT) charge
  • Exemptions and reliefs including gifts to charity, business, agricultural and heritage assets
  • Giving gifts through a will
  • Legacy 10 – the reduced rate of inheritance tax for those who leave at least 10% of their estate to charities
  • Life assurance
  • Lifetime giving to individuals and through trusts
  • Reviewing and establishing trusts with tax advantages
  • Transferring unused nil-rate allowances from the deceased to the surviving civil partner or spouse