3. Inheritance tax and succession planning

We recognise how important the protection of your family wealth, for the benefit of your loved ones, is.

Especially when the UK has one of the highest rates of estate taxes in the world at 40%.  

Taking the first steps in deciding what should happen to your assets during your lifetime and after you’re gone can be daunting.

Complex rules and constant changes to tax legislation, including those made to inheritance tax, mean that planning is vital to ensure that you benefit from the available exemptions and reliefs.

We offer expert advice in minimising your exposure to inheritance tax (IHT).

We implement effective solutions, which offer effective planning for future generations.

Our services

  • Inheritance tax planning strategies 
  • Utilising exemptions and maximising tax reliefs
  • Appropriate ownership structure of assets
  • Gifts during life, on death, and post-death variations
  • Estate and succession planning
  • Use of trusts and family investment companies
  • Tax-efficient investment planning

Receiving a legacy can have a significant impact on your life. You may have mixed feelings, especially if it comes after the loss of a loved one, which can often come with an overwhelming sense of responsibility. If it’s unexpected and you’re not ready to receive the assets, you might feel unsure how to manage them. You’ll have many questions including how this may affect your tax situation. We can take you through the process.


A potentially exempt transfer (PET) is a gift made during a person’s lifetime that is not immediately subject to tax when the gift is made, however it may be taxed should the donor pass within seven years from the date of gift.

Since the rate of CGT you pay is dependent on your income tax band, reducing your income tax rate can also have a knock-on benefit on your CGT. 

Regular gifts out of surplus income are exempt from inheritance tax, provided that they meet a prescribed set of legislative conditions. This is a valuable method of IHT planning if your income is significantly higher than your spending needs.

The person responsible is the Executor/Administrator of your estate. It is essential that the necessary tax forms are completed, and the right amount of inheritance tax is paid, otherwise, if errors are made, this can lead to penalties and interest being charged.

If you have any questions or need further advice in this area, please get in touch and we will be happy to discuss further 


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