Inheritance tax is a very divisive issue and many people consider it grossly unfair. Whatever your stance on tax, there is no doubt that at a rate of 40% above your available allowances and reliefs, inheritance tax can take a very sizeable chunk of the wealth you seek to pass on.
This is a tax that can not only limit what you can leave to people but can have a devastating effect on your business or the beneficiaries of your estate. If you have not taken steps to ensure that your business is relieved from inheritance tax on your death then it may have to be sold or wound up, causing serious issues for your employees and their families.
We can advise you on ways in which you can reduce your inheritance tax liability, using strategies that are implemented while you are alive and on your death. Some of these are very simple and some are much more complicated, but all are effective. Gaddu and Hall will advise you on tax exemptions available during your lifetime which will reduce the size of your estate on your death and your estate’s liability for inheritance tax.
We can provide tailored inheritance tax advice to suit your needs helping you take advantage of the exemptions available to reduce your tax liability and maximise your estate.
Inheritance tax planning is a journey. We want to be your trusted partner and adviser in helping you and your family mitigate your inheritance tax liability for the generations to come.