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Inheritance Tax Planning Services

Reducing Your IHT Liability

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How can Inheritance Tax Planning help me?


Inheritance Tax (IHT) Planning can be a valuable tool in ensuring that your assets pass to your family in the way you intend, minimising the financial burden of IHT.


By strategically planning your estate, you can:


  • Reduce your IHT liability: Implement strategies to lower the amount of IHT payable upon your death.
  • Protect your family: Ensure that your assets are distributed according to your wishes, providing financial security for your family.
  • Maintain control: Have a say in how your estate is managed and distributed, even after your passing.
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Why is Inheritance Tax Planning important?


Inheritance Tax can be a significant expense, eroding the value of your estate by up to 40%. Without proper planning, your family may face financial difficulties due to an unanticipated IHT burden.


By engaging in IHT planning, you can:


  • Avoid unnecessary financial strain: Protect your family from the burden of IHT.
  • Achieve your estate planning goals: Ensure that your assets are distributed according to your wishes.
  • Maximise the value of your estate: Implement strategies to preserve your wealth and pass it on to future generations.
What can Friend Partnership help me with?


At Friend Partnership, we offer comprehensive Inheritance Tax planning services tailored to your individual needs. Our experienced team can assist you with:


  • Estate analysis: Assessing your current estate situation and identifying potential IHT liabilities.
  • Inheritance Tax mitigation strategies: Developing personalised plans to reduce your IHT burden.
  • Trust and will creation: Drafting legal documents to ensure your assets are distributed according to your wishes.
  • Business succession planning: Addressing the transfer of ownership and management of your business upon your retirement or death.
  • Gifting Strategies: Maximise tax-free gifts to family members or charities, reducing the taxable value of your estate.
  • Reliefs and Exemptions: Make the most of available reliefs, such as Business Relief or Agricultural Relief, to reduce IHT on your estate.


By working with Friend Partnership, you can gain peace of mind knowing that your estate is protected and your loved ones are financially secure.

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Early planning can minimise burden of Inheritance Tax


If you or your family would like further information about how your estate is managed and distributed, you can get in touch with us to arrange a no obligation meeting either by phone or in person.


Make A IHT Planning Enquiry

KNOWLEDGE BASE

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Devastating Financial Impact of the Reclassification of Double-Cab Pick-Ups

18 November 2024
from April 2025, double-cab pick-up trucks with a payload of one tonne or more will no longer be taxed as light commercial vehicles but as company cars
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Abolition of the Non-domicile Tax Regime from April 6, 2025

5 November 2024
Most notable among the changes the tax regime was the abolition of the concept of domicile and its replacement with a “residence-based regime”.

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