Web Design

Inheritance tax

IHT at a glance

One glowing light bulb standing out from the unlit or dim bulbs on dark green pastel color background individuality and think different the business creative idea concepts 3D rendering

What is IHT?

Inheritance tax (IHT) is often considered to be quite a complex area of tax law. Essentially, IHT is a tax on the estate of someone who has passed away and on certain gifts made during an individual’s lifetime.

  • For the 2023/24 tax year, the IHT tax free threshold is £325,000 on the total value of an individuals estate (minus any outstanding debts)  and some estates may qualify for the Residence Nil Rate Band (RNRB).
  • The standard IHT rate for taxpayers is 40%

  • A reduced IHT rate of 36% can be granted in circumstances where 10% or more of the net value of your assets is left to charity

  • Reliefs & allowances can be applied to help reduce your bill, examples include the residence nil-rate band allowance and charity donations.

Want to know more? Click here to check out our IHT summary Factsheet

Happy little boy with father and grandfather using laptop together

Supporting you and your future

Don’t wait. Act now.

It may be easier to ignore the hard conversations, but it’s important for you and your family to take the time to look towards the future. When it comes to planning ahead our team of advisors can help with our wide range of personal planning and asset management advice.

Our advisory team offer continuous support for you and your business, providing various services, ranging from tax advice to wealth management.

Afro Senior Looking Through The Window

It’s just smart planning

Take the proactive measure to secure your family’s future, today. Death can happen at any time, which is why taking proactive measures to mitigate any IHT exposure legitimately, is the sensible thing to do. You are never too young to start planning for the future. Forward planning ensures your assets are protected, providing long term benefits for you and the people you love.

Take control of your future by tackling IHT matters today. Our trusted advisers are here to provide you with ongoing advice and compliance, securing you and your loved ones a brighter future.

IHT & your estate assets

How much you pay towards IHT is calculated by totalling the overall value of an individuals estate, minus any outstanding debts under the individuals name.

The following assets are included when calculating the value of an estate:

IHT advice & services

Two people shaking hands

How we can help

No one knows what lies ahead, but planning for the future can assure that your assets are well protected from any unsuspecting tax bills.

We can offer advice within the following areas:

  • Inheritance tax (IHT)
  • Family investment companies
  • Family partnerships & LLPs
  • Trusts
  • Lifetime gifts
  • Post death planning for the future of the estate
For more information get in touch with our team today

Arrange a callback

We’d love to hear from you!
Whether you simply have a quick question, or were seeking a more formal conversation to discuss your tax needs, drop your details here and we will be in touch! Alternatively, you can contact us on +44 (0)20 3468 0000.