Inheritance Tax -IHT- is a wonderful thing, this is the tax on the stuff that you have already paid tax on. At least it’s the tax your beneficiaries will pay on the stuff you leave them that you have already paid tax on that seems fair doesn’t it, Of course it doesn’t but have you taken any steps to mitigate it.
It’s fair to say that IHT in that many people do not take advice largely because they do not know how or indeed who to ask for advice. There a number of perfectly legitimate steps you can take to reduce IHT but you may not be aware of them. We have been able to help a number of clients organise their affairs to take advantage of the opportunities that are available. We are conscious of the need to balance the needs of the client during their lifetime with the desire to plan IHT mitigation and always take this into account when advising on Tax planning.
We have a super guide to IHT which we would be pleased to send you. If having had the guide you would plan your IHT mitigation, please do get in touch to arrange a free initial meeting.