Inheritance Tax Planning

Accountax are aware of the public's general resentment towards Inheritance Tax, but accept the fact that Inheritance Tax is catching a larger majority of the population than ever before. The dramatic rise in property prices over the past decade will bring millions into the inheritance tax bracket.

As a result of this, Accountax have developed a product that helps our clients plan for any Inheritance Tax issues that may develop in the future.

We offer three levels of IHT Planning:

1.   A basic health check to assess the level of potential exposure you have to Inheritance Tax. This ensures that you are at least aware of the possible consequences. Even if you do not wish to act immediately, it offers some possible action points.

2.   A detailed plan, with a schedule of potential life time gifts within the current allowable rules. A summary of other possible relief is also included.

3.   A full plan that includes a detailed plan, potential life time gifts, summary of possible relief and in addition to IHT 2 it includes projected taxes based on current rates and reliefs and an action plan for your Executor.

Remember, if you plan and take action in many cases huge sums of tax can be saved and the benefit passed on to your loved ones or a grateful charity!