Inheritance Tax

Proper estate planning is essential, if you wish to mitigate tax liabilities, and to pass on your wealth as far as possible to your beneficiaries. After all, you will have worked hard throughout your lifetime, minimizing tax exposure where possible. Often the final piece of tax planning in terms of Inheritance Tax is overlooked.

Our comprehensive Inheritance Tax service can help ensure that you achieve the maximum tax savings. This will include:-

• A full assessment of the valuation of your Estate
• An assessment of your current Inheritance Tax liabilities.
• Advice on lifetime planning in terms of gifts, trusts, insurance and associated Capital Gains Tax and Inheritance tax issues.
• A full review on the tax efficiency of your Will.
• The possible use of Trusts in tax planning, which will obviously consider the latest changes in government legislation.
• Combining the Inheritance Tax review with efficient lifetime tax planning, particularly with regards to Income Tax and Capital Gains Tax.
• Advice regarding Inheritance Tax efficient lifetime investment opportunities.
• Assessment of the availability of Business Property Relief and Agricultural Property Relief.
• Valuations and associated negotiations with the Revenue.
  

If you need assistance with considering your Inheritance Tax position or have any other accountancy, Self Assessment or business queries, then please contact us