| Inheritance Tax (IHT) |
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An ever increasing number of people have assets in excess of the nil rate band (referred to in our Rates & Thresholds section). Amounts not covered by this band are taxable at 40% and it is therefore crucial that your estate is structured efficiently for IHT purposes. There are a number of exemptions and reliefs that can be applied to your estate on death and also to gifts made during your lifetime. It may also be that the use of a trust is the most efficient way to structure your affairs.
We can advise on all aspects of inheritance tax planning to ensure that you structure your estate to minimise or remove any potential inheritance tax liability. There are numerous tax planning techniques than can be used to protect the family wealth and we can advise and assist to ensure that you and your family are protected. |

