Tax & Succession Planning

Tax & Succession Planning

Inheritance Tax is not just a concern for the very wealthy, it is now a serious concern for those with more modest estates.

We can provide specialist advice on Inheritance Tax planning to help you protect and pass down your family wealth and minimise the impact of tax on the next generation.

If you are dealing with the administration of an estate, we are able to calculate the Inheritance Tax liability on your behalf and ensure that all appropriate reliefs, such as Business Property Relief and Agricultural Property Relief, are claimed. Other reliefs may be available during the course of estate administration and we can identify those opportunities and make the appropriate relief applications for you.

Following a person’s death it may be possible to reduce the amount of Inheritance Tax payable by way of a deed of variation.

Not many people are aware that Inheritance Tax is not only chargeable on death, but a liability can also arise during your lifetime. We can advise you on all aspects of lifetime Inheritance Tax planning including outright gifts, transfers into trusts and tax efficient Wills.