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Inheritance Tax Planning

Inheritance Tax has become the pressing topic for an increasing number of us over the years. Originally designed to be a tax on the super-wealthy we now find that a combination of rising house prices and greater participation in share owning and investment have brought many people into the Inheritance Tax regime who were never originally intended to be there.

"I am very grateful for what you have done for me. You have been on the ball throughout whilst dealing with my needs."
Client of the Private Client team

Every year over £3.5 billion is paid in Inheritance Tax and some estimates indicate that around 10 million families face Inheritance Tax bills in the future.

Inheritance Tax need not be a certainty and indeed is sometimes seen as a voluntary tax that many people pay simply because they have failed to put their affairs in order.

The late Roy Jenkins, a former Chancellor of the Exchequer, described Inheritance Tax as a voluntary tax paid by those who distrust their relatives more than they hate the Inland Revenue!

If you are not sure whether or not you have an Inheritance Tax liability please contact us and we will happily look at your circumstances and tell you what your liability is likely to be and what action you could take.

If you know that you have an Inheritance Tax liability one of our specialists in this field can provide you with up to date and practical advice on the steps that you can take to reduce or even extinguish your liability. The fact that we have both legal and financial specialist working together under one roof means that we are able to consider both the financial and legal solutions available and are often able to combine the two to provide cutting edge Inheritance Tax solutions regardless of the extent of your wealth.