inheritance tax advice
Protect your family with
inheritance tax advice
Don’t let inheritance tax eat away your estate. Save time, money and hassle and find the right tax solutions to protect your family and assets.
- Reduce Inheritance Tax
- Protect Your Assets
Why choose us
Your families future. Our tax advice.
We'll ensure your assets are passed on efficiently and in accordance with your wishes, minimizing delays and potential disputes. Plan for today and tomorrow.
Save Time
Our tax advisers can handle all the complexities of Inheritance Tax planning, allowing you to focus on getting on with life.
Save Money
By minimizing Inheritance Tax, you can ensure that more of your wealth reaches your loved ones, rather than the taxman.
Identify Opportunities
We'll identify opportunities to reduce your Inheritance Tax liability through strategies like gifting, charitable donations, and trust structures.
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how to get a IHT advice
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30 seconds is all it takes to schedule your call with an expert inheritance tax adviser.
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A friendly chat to establish clear guidelines for the management and distribution of your assets.
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We can then coordinate the plans and deal with providers to ensure a smooth and efficient process.
Advice whenever you need it
You can get expert inheritance tax planning advice, from 8am - 6pm Monday to Friday.
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Can I get tax advice?
Our financial advisers will help you pass on your assets in the most tax efficient way.
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Protect your loved ones By reducing IHT, you can ensure that a greater portion of your estate goes directly to your beneficiaries.
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Achieve peace of mind: Knowing that your estate is planned in a way that minimizes tax burdens can provide you with peace of mind.
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Leverage tax breaks: Use our our expertise in identifying tax-efficient strategies that can minimize your inheritance tax burden
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Tax planning questions
Inheritance Tax is a tax levied on the value of an estate when a person dies. It applies to assets located in the UK, regardless of the deceased's nationality or residence.
The nil-rate band is the amount of an estate that can be passed on to beneficiaries without incurring IHT. As of April 2023, the nil-rate band is £325,000 per person. Married couples or civil partners can benefit from a combined nil-rate band of up to £650,000.
There are several strategies to reduce your IHT liability, including:
Making lifetime gifts: Giving away assets during your lifetime can reduce the value of your estate subject to IHT.
Utilizing the residence nil-rate band: This additional allowance allows you to pass on your main residence to your children or grandchildren without incurring IHT.
Investing in qualifying assets: Certain assets, such as qualifying investments in businesses or agricultural land, may qualify for reliefs that reduce or eliminate IHT.
Leaving to charity: Gifts to charity can reduce your taxable estate.
Using trusts: Trusts can be used to manage your assets and potentially reduce your IHT liability.
It's generally advisable to start planning for IHT as early as possible. This gives you more time to implement strategies and potentially reduce your tax liability
While it's possible to do some basic IHT planning on your own, consulting with a financial adviser like GHL Direct or tax specialist can be highly beneficial. They can provide expert advice and help you develop a personalized strategy to minimize your tax liability.
While it's not always possible to completely avoid IHT, careful planning and the use of available strategies can significantly reduce your tax burden.
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Get in touch to book an appointment with our experts who can assist you with your inheritance tax and estate planning questions.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen..