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.

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.

Effective will drafting and lifetime utilisation of the nil rate band and IHT reliefs and exemptions require a small amount of relatively straightforward planning.

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.


For smaller trusts, that do not need accounts and have limited activity, we offer a compliance service where we complete and check returns and review them for tax efficiency.

A comprehensive trust management service is available for larger, frequently used trusts, including:

  • Accounts preparation
  • Capital gains calculation
  • Banking and other facilities
  • Monitoring key dates and alert trustees to them
  • Advise on protected year-end distributable income

Contact us

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