Inheritance Tax Planning


Inheritance Tax (IHT) is often regarded as the tax that you can avoid with careful planning. For some, that may be true. As some of that planning may involve gifting the assets away from your control or into a trust, it is not necessarily the best plan for everyone. Inheritance Tax Planning can take the uncertainty out of the equation.

And as with all planning, it is best to start in good time rather than leave matters to the last minute. This leaves you open to more options for consideration.

Inheritance Tax planning that’s right for you and your family

We will start by understanding your assets and plans for these and then calculate any potential liability that may arise.

Often, with available reliefs (Business/Agricultural Property relief, for example), the initial estimate of your Inheritance Tax can be greatly reduced. Then with further discussion and planning other steps to mitigate or even insure against a liability, you can ensure that you are able to maximise the value of your Estate for your family.

Regular review is important as matters and tax rules change. As tax rates are 40% on chargeable assets it is certainly time well spent.

Chris Mair

Head of trust & estate services

0117 973 8441

Get in touch today

Useful information for Inheritance Tax Planning


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