Inheritance Tax
Inheritance Tax (IHT) is the tax that is levied on an individual on death.
This tax can be ignored, if you anticipate that your estate will be worth less than the limit at which this tax kicks in.
The current rates and limits are available by looking through our free resources (click here).
When the tax does apply, it is a massive 40%, and greatly reduces the amount available to your family, friends and good causes, that you would have liked to have benefited from the wealth you left on death.
A lot can be done to reduce and even eliminate this tax. The one proviso is that the planning has to be done before death. This is sometimes the problem, because people do not like thinking about death. This plays directly into the hands of the tax man.
The greater the value of your estate, the more important it is to discuss what planning is available, implement it correctly, and save the tax, should the unexpected happen.
One or two of our strategies involve not only saving inheritance tax, but also leaving you with control over the assets that have been sheltered. We will happily discuss it with you at your convenience.
These services are broken down into the following key areas:
- Advice
- Implementation
- Process
- Support