Inheritance Tax
In the past, Inheritance Tax has been called a “voluntary” tax because of the many ways it can be mitigated through proper financial planning. These days more and more people are falling into the IHT bracket, if only because of the recent increase in house prices, and professional advice in this area has never been more important.
Typically, a couple will have property and/or assets in the order of £600,000 plus, and be sufficiently concerned about the potential impact of Inheritance Tax to want to take action.
Inheritance Tax rules have become increasingly more complex over the years, and our initial approach is to ensure that we have a complete understanding of your family and financial situation and your wishes. More often than not we will also need to work together with you and your other professional advisers in order to ensure that the taxation and legal aspects of any Inheritance Tax planning you undertake are fully coordinated.