Inheritance Tax Planning

Death and taxes may be certain, but proper planning can preserve more of your assets for your loved ones.

Nobody wants to pay more tax than they have to and Inheritance Tax is one area where careful advance planning can greatly reduce the bill your family faces on your death.

We can advise you on a range of Inheritance Tax mitigation strategies, from reducing your estate by making gifts, to ensuring that you can take full advantage of the reliefs and exemptions available to you.

Part of Inheritance Tax planning includes making sure that your Will directs your assets in a tax efficient way and, if paying some Inheritance Tax is inevitable, that there are funds available to pay it. Multi-generational planning can help to minimise the risk of a family’s wealth being depleted by additional Inheritance Tax charges as it passes down to each generation.

Establishing regular gifting patterns, making charitable donations, establishing trusts and accessing Agricultural Property Relief, Woodlands Relief and Business Property Relief (if available) can all be helpful planning tools.

We can help you to review your financial circumstances, draw up the most appropriate combination of strategies for you and put your plans into action.