Inheritance Tax (IHT) Planning
The 40% Tax Challenge
With estates over £325,000 facing a 40% inheritance tax bill, your family could lose nearly half of what you've worked a lifetime to build. Without proper planning, HMRC becomes your biggest beneficiary.
Our Protection Strategy
We develop comprehensive IHT strategies that legally minimize your tax liability while ensuring your wealth passes to your chosen beneficiaries. Our planning can save hundreds of thousands in tax.
IHT Planning Services
- Estate valuation and IHT liability assessment
- Nil rate band and residence nil rate band optimization
- Trust planning and setup (discretionary, life interest, bare trusts)
- Business Property Relief (BPR) and Agricultural Property Relief (APR)
- Gifting strategies and potentially exempt transfers (PETs)
- Life insurance planning for IHT coverage
- Will reviews and estate restructuring
- Charity giving and tax relief optimization
- Family investment company structuring
Key Benefits
- Potentially save 40% tax on estates over £325,000
- Protect family wealth for future generations
- Ensure your wishes are carried out
- Access to specialist trust and estate lawyers
- Peace of mind for your family's future
- Regular reviews as tax laws change
Frequently Asked Questions
What is the current IHT threshold?
The standard nil rate band is £325,000 per person. With the residence nil rate band, married couples can potentially pass on up to £1 million tax-free to direct descendants.
When should I start IHT planning?
The sooner the better. Many strategies, like gifting, require time to be effective (7-year rule). Starting early provides more options and greater tax savings.
Can I reduce IHT if I've already retired?
Yes, there are still many strategies available including trusts, gifting, charitable donations, and restructuring assets. We'll identify the best options for your situation.