Inheritance Tax (IHT)
Inheritance Tax (IHT) is charged on the value of your estate when you pass away, and sometimes on gifts made during your lifetime.
With the right planning, many estates can reduce or avoid unnecessary IHT. Without it, a significant portion can be lost to tax.
IHT issues often build up over time:
- No planning in place – estates drift over thresholds without review
- Misunderstood gifting rules – gifts can still be taxable years later
- Unused allowances – nil-rate bands and exemptions not fully applied
- Outdated wills or structures – no longer aligned with current rules or intentions
- Poor record keeping – makes administration harder and increases risk of HMRC challenge
IHT is rarely about one decision. It is the result of many small decisions over time.
How we help
Planning (where most value sits):
- Review your estate and likely exposure and give you strategies to reduce your IHT exposure
- Identify available allowances and reliefs
- Advise on gifting strategies and timing
- Help structure assets efficiently
On death (support for families/executors):
- Calculate IHT liabilities
- Assist with HMRC reporting
- Ensure reliefs are properly claimed
- Reduce risk of errors or delays
Pricing
IHT advice is tailored to your circumstances. Fees depend on complexity, but are agreed in advance so there are no surprises.
Why advice matters
IHT rules are detailed and change over time. The cost of getting it wrong is often paid by your family later.
Good advice helps to:
- Reduce the taxable value of your estate
- Use allowances and reliefs properly
- Ensure your intentions are carried out
- Avoid avoidable tax and administrative difficulty
Who this is for
- Individuals with property or investment wealth
- Business owners
- Families thinking about gifting
- Executors dealing with an estate
Let’s talk
A short discussion can clarify your exposure and identify practical steps to improve the outcome.