INHERITANCE TAX PLANNING

Let our experience help you

Tax planning for future generations. Ensure your legacy is structured efficiently for your loved ones.

Planning as a family to minimise Inheritance Tax (IHT) needs careful consideration, to make sure the wishes of those gifting are fully met in all aspects, and potential routes for reducing any tax charges are explored.

We have an experienced team available to help you with these difficult and often time consuming issues, ensuring you make the most tax effective decisions.

EXAMPLES OF AREAS IN WHICH WE CAN HELP INCLUDE:

  • Making best use of annual and other IHT allowances.
  • Why you should have a Will in place, whatever your status - the Will is central to UK Inheritance Tax planning.
  • Gifting away of any surplus annual income and why you should evidence such gifts. The options available in passing ownership of the family home either to relatives or to children.
  • Assessing the impact of a marriage, a birth in the family or a divorce.
  • Dealing with misconceptions about IHT charged on your gifts, especially those lifetime gifts made to adult and minor children.
  • The role of a favoured charity.
  • Advising on the 7-year IHT rule, and the impact of making successive gifts.
  • Advising on the tax implications of trusts, including bare trusts, life interest trusts and discretionary trusts.
  • Planning in respect of any deceased spouse’s unused lifetime allowances. Assessing the impact of Capital Gains Tax on IHT planning and ensuring allowances and reliefs are used. 

COME TO US EARLY

As with all tax planning matters, the earlier you discuss options with us, the more we can do to help - every year that passes, you lose access to annual allowances! So contact us to make an appointment and see how we can work together to get your tax affairs in order for your loved ones.

We offer tax advice for Investment Portfolios....

"I called Peter Crowther with a simple query over six years ago after my mother passed away and was extremely impressed with the way my concerns were managed. Peter’s knowledge of inheritance tax matters was second to none. Six years on, I am still with Haggards Crowther and cannot recommend them more, a delightful team."

MR SINNOTT, SW15