I need help with inheritance tax

Inheritance tax (IHT) is a tax levied on a person’s estate when they die, and certain gifts made during an individual’s lifetime.  

Most gifts made more than seven years before death will escape tax. Therefore, if you plan in advance, gifts can be made tax-free and result in a substantial tax saving.

Do the following questions resonate with you?

• What is Inheritance Tax?
• Does Inheritance Tax apply to my circumstances?
• How can I avoid or minimise Inheritance Tax liabilities?
• Do we have to pay Inheritance Tax on assets?
• How can I make a gift?
• I need help with my estate planning

If so, then our personal tax team can assist you. Areas we can assist with include:

• The scope of Inheritance Tax
• Charitable giving
• Inheritance Tax on lifetime gifts
• Residence nil rate band
• Treatment of Inheritance Tax on death
• Estate Planning
• Gifts to individuals and spouses
• Normal expenditure out of income
• Family maintenance
• Business property relief (BPR)
• Agricultural property relief (APR)
• Trusts

To find out how we can cater for your personal tax needs, please contact a member of our team.