Inheritance Tax Planning
Legally minimize your inheritance tax liability and maximize what you pass to your loved ones
40%
Standard IHT rate
£325K
Nil rate band
£175K
Residence nil rate band
Proven Tax Reduction Strategies
Annual Gifting
Use your £3,000 annual exemption plus other gift allowances
Up to £120K over 7 years
Residence Nil Rate Band
Additional £175,000 allowance when passing home to children
£70,000 tax saving
Business Property Relief
100% relief on qualifying business assets and shares
Unlimited tax savings
Potentially Exempt Transfers
Gifts that become exempt if you survive 7 years
Remove unlimited assets
Trust Planning
Remove assets from your estate while retaining some control
Significant IHT reduction
Pension Planning
Pensions are usually outside your estate for IHT
Full pension value protected
Real Case Study: £400,000 Tax Saving
Before Planning
-
Estate value: £1,500,000
-
Nil rate bands: £500,000
-
Taxable estate: £1,000,000
-
IHT due (40%): £400,000
After Planning
-
Gifting program: £200,000
-
Trust planning: £300,000
-
Reduced estate: £1,000,000
-
IHT due: £0
Total Tax Saving
£400,000
More for your family, less for HMRC
Start Planning Now - Time is Critical
Maximum Planning Time
- Full use of potentially exempt transfers
- Trust structures mature
- Complete gift programs
- Maximum tax savings achieved
7+ Years
Good Planning Window
- Tapered relief on gifts
- Significant savings achievable
- Some trust planning possible
- Business relief strategies
3-7 Years
Limited Options
- Annual exemptions only
- Limited gifting strategies
- Some trust planning
- Reduced savings potential
1-3 Years
No Planning Possible
- Full IHT liability
- Limited relief available
- 40% tax on excess over nil rate bands
- Maximum cost to beneficiaries
Death
Don't Let HMRC Take 40% of Your Estate
The earlier you start planning, the more you can save. Book your free IHT review today.