Inheritance Tax Planning and Advice
Inheritance tax (IHT) affects gifts made both in lifetime and on death. It is advisable for individuals to start inheritance tax planning as early as possible to try to reduce their ultimate inheritance tax liability.
Lifetime Inheritance Planning
Obtaining specialist advice so you can make sensible inheritance tax plans will go a long way to reducing the difficulties this tax can cause. Everyone has different circumstances and needs - our IHT specialists will advise you on the best course of action based on these, and on the current tax rules.
- Advising on making gifts free of inheritance tax during lifetime.
- Utilising reliefs available to increase the value of any gifts.
- Using trust structures where appropriate.
- Advising on the structure of family businesses to maximise available IHT reliefs.
- Advising on tax efficient clauses in wills.
- Use of family limited partnerships.
Inheritance Tax Advice and Planning on Death
- Advising on the redirection of legacies within two years of a death.
- Planning to preserve the transferable nil rate band.
- Utilising a nil rate band discretionary trust.
- Reviewing any lifetime transfers.
- Assisting Executors with inheritance tax reporting and other taxes.
More Information
If you would like to know more, contact:
Sheena Anderson This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Alison Beattie This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or call 01225 625111