Estate and inheritance tax planning
Many people believe that Inheritance Tax (IHT) only affects the very wealthy, and so they take little or no action to reduce this potentially expensive burden for their families.
Currently any excess above an individual’s tax-free allowance of £325,000 could potentially be taxed at 40%. The Residence Nil Rate Band (RNRB) will help to mitigate IHT for some, but as with everything, use of this band is not straightforward.
With our guidance, you could establish a plan to reduce or even eliminate an IHT liability, so leaving more of your estate to your family.
Contact us for advice on an array of strategies to help preserve your estate.