Taxation
» Inheritance Tax Planning
Inheritance tax planning becomes relevant for more people each
year, due largely to increasing house prices, however it is
an area where careful tax planning can substantially reduce
the tax liability, by, for example, making full use of the nil
rate band and exemptions.
In many cases a substantial inheritance tax liability can
be avoided altogether with tax planning. We can offer expert
advice in the following areas of inheritance tax planning:-
Lifetime and post death planning
Use of deeds of variation/deeds of family arrangement
Maximising the use of business and agricultural property relief
Use of trusts - Discretionary, Interest in Possession and
Accumulation and Maintenance Trusts
Severing joint ownership of assets post death
Gifts with reservation of benefit
Potentially exempt transfers
Equalisation of estates
Assets written in Trust
Gifts
Will planning
Tax compliance during period of administration.
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