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Inheritance Tax planning
Inheritance Tax (IHT) is the tax paid on assets by an estate’s executors before any distributions are made to a will’s beneficiaries. It can subtract a sizeable portion of the inheritance you leave to loved ones, even after all applicable allowances are factored in.
Expert IHT planning can protect your assets, lead to considerable savings, and have a significant impact on the next generation of your family. Our IHT planning team is experienced in navigating IHT rules and regulations. We can assist you with diligent, long-term planning, offering professional guidance that can help to minimise or, in some cases, eradicate the tax burden on your estate.
If your net estate exceeds £325,000 in value, it may be affected by IHT when you die.
Our team of skilled inheritance tax advisers has in-depth knowledge of IHT. We regularly work with clients in Devizes, Marlborough, Calne, Royal Wootton Bassett, Pewsey, Hungerford, and in other parts of Wiltshire, Berkshire and beyond.
We will take the time to understand your current position, including wills, assets, business interests, trust deeds, and death-in-service benefits, tailoring our advice to suit you and help preserve your estate.
The best IHT planning solution varies from family to family. Once we understand your circumstances, we can create a structure that will mitigate your estate’s exposure to inheritance tax.
Efficient IHT planning could call for the transfer of assets from your estate into a trust, or directly to the beneficiaries themselves. It could also involve the use of any available exemptions and reliefs, including life assurance policies and lifetime gifts.
Our comprehensive IHT planning service combines long-term strategy with expert advice, identifying all possible saving opportunities to protect your legacy.
David Owen is a partner-led accountancy firm with offices in Devizes and Marlborough. We offer a wide range of personal tax services, including Inheritance Tax planning. To find out how we can help you, please get in touch.
Choosing the right accountant to help you with your business finances is an important decision. We understand this and take the time to talk through our approach so you can decide whether we are the right partner for you.
Please contact us for a no-obligation initial conversation.