Inheritance Tax Advice

Inheritance Tax legislation has become a minefield for those who have built up their assets to make up a considerable estate for their heirs.

The bottom line is that if the estate is worth more than the current inheritance tax threshold (the nil rate band), then the value in excess of that threshold will be taxed at 40%.

A number of measures to reduce an individual's inheritance tax liability have been tried over the years, but the Government has worked hard to close all available loopholes, and is likely to claim a tax liability where measures have been taken simply to reduce the IHT bill.

However, it's not all bad news, and there are a number of routes for families who want to limit their future liability. These could include the use of:

• Trusts
• Gifts
• Pension contributions
• Financial service products such as Life Assurance, Discounted Gift Trusts and Gift and Loan Trusts

We will work closely with our associated firm of Independent Financial Advisers, Almary Green Investments, to provide advice on all these measures, and to help you decide which will work best in your circumstances.

Contact us to arrange a Personal IHT Assessment.