Tax Planning

Once seen as a tax on the wealthy, Inheritance Tax (IHT) is now a concern for a large number of homeowners with modest savings. It requires careful planning to protect your family wealth

IHT can substantially reduce the value of your estate, so the earlier you start planning the more likely you are to reduce your eventual tax bill. The tax year 2013/14 has a nil-rating for the first £325,000, but any remaining balance could be taxed at 40% upon death.

We can help you protect your family’s wealth by reviewing your assets, income and collective needs. This requires making important personal decisions, so you can develop a long-term strategy which takes advantage of all of the available relief and exemptions.

In developing this strategy, IHT is not the only concern. Other taxes also need to be taken into consideration, such as Capital Gains Tax (CGT), which can be charged at the same rate as IHT.

Note: The Financial Conduct Authority does not regulate taxation advice and wills.