Inheritance tax planning

Successful inheritance tax planning can be judged on two outcomes: whether you have the resources you need, and whether your liabilities are as low as they can be.

Effective will drafting and lifetime utilisation of the nil rate band and IHT reliefs and exemptions require a small amount of relatively straightforward planning which we can help you with.

For larger estates, more complex planning can shelter specific assets from IHT, and your investments can be managed to benefit from IHT reliefs. Even with the withdrawal of some tax advantages, trusts can still be a valuable tool, but must be carefully drafted to ensure they meet your particular needs.

Good IHT planning can also ensure that your business passes down to the next generation intact, and in the way you want. At the same time, it can maintain the business's entitlement to agricultural or business property relief.

View the Tax FAQs here.

Contact us

To discuss inheritance tax planning, please contact a member of our Tax team or send us an enquiry online.