All You Need To Know About Inheritance Tax

This Is One Of 15 Ways To Reduce Your Tax

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All You Need To Know About Tax Planning

tax planning

Inheritance Tax (IHT) planning is a key part of protecting your personal balance sheet from financial ‘predators’.

Without effective tax planning, Inheritance Tax has the potential to take away a considerable proportion of your legacy.

How you structure your assets now through Inheritance Tax planning will determine what happens to your legacy after you’ve gone.

Inheritance Tax is complex: do nothing and you could lose control over who benefits from what and when.

Addressing the issue early and on your terms could help you legitimately reduce your estate’s Inheritance Tax liability and ensure your loved ones benefit in the way you intend.

One of the key objectives of Inheritance Tax planning is to legitimately limit Inheritance Tax by, for example, maximising the amount your intended beneficiaries receive.

This can be achieved through a combination of family trusts, gifts and wills to suit your circumstances, and maximisation of all the reliefs and allowances available.

If you’re internationally mobile, either in your personal or business dealings, this should be taken into account.

It’s a sensible idea to review your Inheritance Tax planning every two years, and following any significant life event such as birth, marriage, separation and house purchase, to ensure your plans remain reflective of your wishes.

Speak With A Tax Expert Now To Reduce Your Tax

Working alongside your professional advisers, it’s no surprise that specialist tax advisers can often identify extra opportunities for you to save tax, across a variety of personal and business areas.  After all, they're experts in their field.

To discover how much additional tax you might be able to save, please complete the form below and we’ll introduce you to a specialist tax adviser to discuss your requirements.

Your initial conversation will be without charge and without any commitment to go ahead. 

The Financial Conduct Authority does not regulate taxation advice.

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