Inheritance Tax (IHT) is charged on the estate of a person who has died. With property values rising, many families now face unexpected IHT bills that could have been significantly reduced with advance planning.
The standard IHT threshold is £325,000. Estates above this are taxed at 40% on the excess. With the right planning, this bill can often be reduced or eliminated entirely.
How We Can Help
- Calculate your current IHT exposure
- Advise on gifting strategies and the seven-year rule
- Business Property Relief (BPR) and Agricultural Property Relief (APR)
- Use of trusts to reduce the estate
- Spousal and civil partner exemptions
- Residence Nil Rate Band (RNRB) eligibility
Early planning makes a significant difference. The sooner you take advice, the more options are available to you.