Inheritance Tax Planning
Inheritance Tax is the tax that is paid on your ‘estate’, chargeable at a current rate of 40%. Broadly speaking, this is a tax on everything you own at the time of your death, less what you owe. It’s also sometimes payable on assets you may have given away during your lifetime. Assets include property, possessions, money and investments. One thing is certain, careful planning is required to protect your wealth from a potential Inheritance Tax liability.
We provide advice on how to use exemptions, gifts into trust, life assurance and wills to help reduce the tax paid on your estate.
Levels and basis of taxation are not guaranteed and are subject to change.
Trusts and Will Writing are not regulated by the Financial Conduct Authority.