This is definitely an area that all adults should be considering when planning their finances. The days when Inheritance Tax (IHT) could reasonably be regarded as affecting only the very wealthy are sadly long gone. These days, property prices alone mean that a good proportion of people in the UK will be above the threshold ‐ officially known as the ‘nil rate band’ ‐ even before the rest of their estate (investments, businesses, life‐insurance payouts, etc.) is counted.
Fortunately, there are many ways to reduce your liability, and with clever management you can find ways that benefit your family both before and after you die ‐ and satisfy your tax obligations, too.
Our specialist knowledge and experience in all areas of tax planning and mitigation means you can rest assured that what’s yours stays, as far as possible, within the family. After all, that’s just how you’d want it, and how it should be.
The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.
The Financial Conduct Authority does not regulate some forms of tax and Inheritance Tax Planning