Inheritance tax (IHT) is often overlooked as many see it as a tax which only comes into play on death. There are various ways to plan ahead to keep your exposure to IHT to a minimum on death such as efficient use of making gifts using the allowances available. For example many who receive a high income from salaries, pensions and investments are unaware that they can make tax free gifts out of surplus income and in this respect we work closely with clients to identify any surplus and advise on the best way to make full use of this relief. We work closely with our clients and their legal advisors to ensure that their wealth is protected for future generations by using tax efficient wills and trusts (if appropriate), the timely use of reliefs for passing on business assets and agricultural property.
If you would like to discuss or know more about Inheritance Tax then please get in touch with us using the following options: