Inheritance Tax Planning

You are thinking of making a Will and want to maximise the value of what you can leave to your loved ones so how sure are you about what Tax will be charged against your estate when you die?

You can get a much better idea by talking to us about what you are want to achieve and then explore the best way of making that happen.

This will then help you take advantage of a wide range of planning advice and techniques from utilising annual exemptions to planning for company disposals and minimising Capital Gains and Inheritance Tax.

Reducing the Tax Burden

You, like us, will feel that you pay enough Tax while you are alive and are therefore determined to pay as little as possible when you die! However, the tax burden on us all regularly increases, so there is is all the more reason to stay ahead of the Revenue, to ensure your tax liabilities are legitimately as low as possible.

You can have a Will drawn up that goes a long way to legitimately reducing what the Tax man can take by

  • looking at tax efficient arrangements, including Wills and Trusts designed to take account of, reduce or even avoid future liability to pay Inheritance Tax, Capital Gains Tax and Income Tax
  • setting up complex Wills structures to include Discretionary and Property Trusts
  • making lifetime gifts either to Trusts or individuals
  • ensuring use is being made of your annual exemptions, especially by making regular gifts out of surplus income
  • the use of retail products as tools for inheritance tax planning
  • asking us to work together with your Financial Advisers and Stockbrokers
  • allow us to introduce you to Financial Advisers or Stockbrokers
  • our ensuring that your Financial Adviser is involved and considers other regulated options such as planning funding for Inheritance Tax through a life policy, purchasing discounted gift trusts, AIM (Alternative Investment Market) portfolios or perhaps equity release products to help reduce Inheritance Tax

The value of your house has probably risen and fallen in recent years but overall property prices are higher than they have been for many years which means that more and more of us are now affected by Inheritance Tax. Our talented team can advise on avoidance and mitigation of this tax by:

We also advise Personal Representatives and Trustees on their obligations, now even more onerous for Trustees following the changes introduced in legislation.

So making a Will is a start – the real challenge is to make one that maximises the value of what you leave to your loved ones and minimises what you leave for the Tax man!