Inheritance Tax Planning
With tax currently charged at 40% on estates worth more than £325,000, rises in property values have brought even those with relatively modest homes into the inheritance tax (IHT) net.
The minimisation of IHT is therefore an important part of planning for individuals and their families and something that we specialise in here at IFM.
What inheritance tax planning services can we offer to our clients?
Working closely with our clients we develop future strategies. These need to be planned and implemented sensitively since IHT is only one of the considerations; often succession issues and family arrangements take priority.
Implementing a strategy is likely to involve revising wills, and may utilise trusts if appropriate. There are also a number of tax efficient investments which can be used to mitigate inheritance tax. In many cases we will work closely with our clients' lawyers or introduce lawyers suited to the client and the nature of the work. We believe that our clients' interests are best served by the complementary expertise of both a lawyer and tax expert.
If you want to discuss these areas of advice then please give one of our advisers a call on 01924 339 825 or complete the enquiry form at the top of this page.
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