Inheritance Tax Planning Services

Our dedicated tax department have extensive knowledge in the area of Inheritance Tax (IHT) and have been advising our clients how to minimise their tax bills for many years. Our IHT solution includes;

  • Evaluation of your current situation
  • Identification of which parts of your estate will be subject to inheritance tax
  • Discussions with you to understand your income requirements now and in the future
  • Advice and recommendations of actions to take to minimise IHT payable by your beneficiaries. This may include all or some of the following;
    • Gifting
    • Trusts
    • Wills
    • Business & Corporate structures (where relevant)
  • Review (with our trusted partners) of your Will to ensure you have considered every eventuality possible

We have all heard the saying before ‘the only two certainties in life are death and taxes’, so when it comes to inheritance tax (IHT) this means they can turn up together.

Almost £4.9 billion was paid in inheritance tax in 2016/17, which is a record high. Make sure you don’t pay more than you have to – after all, this is all money that you have probably already paid tax on!

Call Nigel or Dan in our tax department to discuss your IHT plan 01424 730000 or email info@mcphersons.co.uk.

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