inheritance tax planning

Property price rises over recent years along with a freezing of the Nil Rate Band have contributed to a significant growth in the number of estates being subject to Inheritance Tax and the amount of tax collected increasing to £5.2 billion in 2015/16.

It is however possible, with careful planning, to mitigate the effects of Inheritance Tax ensuring that as much of your hard- earned wealth passes to the people you choose rather than HMRC.

We can advise on the tax reliefs available and what structures can be used to shelter assets from Inheritance Tax (whilst in many cases retaining control of those assets).

examples include:

  • The use of Business Property Relief (BPR) – there are a number investments available which can take advantage
    of this relief.
  • Trust planning -by wrapping assets into a suitable trust, it may be possible to substantially reduce the part of the
    estate liable to Inheritance Tax.
  • Life assurance plans – whilst not entirely avoiding the liability, this approach allows individuals to manage their
    Inheritance Tax exposure. We are able to give advice on a range of life assurances to suit the cover required.
  • Bespoke personal solutions.

See how much you could save with inheritance tax planning.