Inheritance Tax (IHT) is a tax on the value of your estate (everything you own) at death, it may also be payable on lifetime gifts, and even on an on-going basis, for example in the case of discretionary trusts. On death, Inheritance Tax is currently charged at 40% to the extent that an individual's total savings and assets exceed the “Nil Rate Band”.
We can advise you about IHT reliefs and exemptions, such as:
HMRC have becoming increasingly strict when vetting claims for IHT exemptions and reliefs. Nevertheless, with expert advice and planning it is possible to reduce exposure to IHT through a variety of different tax mitigation techniques, including making gifts to family members and trusts or investing in “IHT friendly” assets. We are experienced in providing IHT advice of all kinds, including to those with high net worth and complex estates.
Our specialists can help you:
To find out more, contact our experienced team for clear advice and guidance.