Inheritance Tax
What is Inheritance Tax?
Inheritance Tax is a comprehensive and often misunderstood area of financial planning. It is a levy imposed on the estate of a deceased individual, encompassing their property, possessions and finances. The standard rate for Inheritance Tax is 40%, applicable to the portion of your estate exceeding the tax-free threshold, which currently stands at £325,000
Why Do I Need Inheritance Tax Advice?
Inheritance Tax can be complex and seeking professional advice is crucial to understand your potential liabilities and preserve your wealth for your loved ones. Without proper planning, a significant portion of your estate may end up being paid to HMRC instead of benefiting your family. It is essential to explore strategies to mitigate Inheritance Tax, protect your assets and ensure your family’s financial security.
What Exchange Accountants Can Do for You
Inheritance Tax can significantly reduce the wealth you pass on to your loved ones. Our experts will explore various strategies, such as lifetime gifting, trusts and reliefs, to help you mitigate Inheritance Tax liabilities and protect your wealth.
Exchange Accountants offers comprehensive Inheritance Tax advisory services to help you navigate the complexities of the tax system and maximise the benefits for your loved ones. Our experienced team of specialists will work closely with you to develop tailored strategies that minimise Inheritance Tax liabilities and secure your family’s financial future.
Our inheritance tax specialists possess extensive expertise and in-depth knowledge of the complex tax regulations surrounding inheritance. We stay up to date with the latest legislation to provide accurate and relevant advice. We understand that each family’s circumstances are unique. Our personalised approach ensures that we develop customised inheritance tax plans aligned with your specific needs and long-term objectives.
