Case study: Inheritance Tax

The Trustees of a Trust contacted us with concerns that they were liable to pay an Inheritance Tax 10-year anniversary charge. We reviewed all the Trust documentation and confirmed that a charge had indeed arisen.

We assisted the Trustees in obtaining the relevant valuations of the Trust assets, completed the relevant Inheritance Tax forms and calculated the charge arising. We submitted the forms to HMRC on behalf of the Trustees to obtain HMRC agreement to the figures.

The Trustees also sought advice on how the assets in the Trust could best be used to achieve the aims of the Trust. We advised on potential Capital Gains Tax arising as well as future exit charges and possible ten-year charges. This enabled the Trustees to make an informed decision as to the right way forward for the Trust and the beneficiaries.

Chris Mair

Head of trust & estate services

0117 973 8441

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Services we provide for Inheritance Tax

Trusts, Estates, Wills & Probate

Getting professional advice to help you navigate post-death tax planning will make this difficult and emotional task much easier. In addition to calculating capital

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