Inheritance Tax Planning (IHT)

Few of us like to think about dying; however, the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available, and the earlier arrangements are made, the greater the chance of taking full advantage of the complicated tax system.

Inheritance tax (IHT) can have a serious impact on your estate on death, and with a tax rate of 40%, IHT passes a substantial proportion of all that you have worked for to HMRC, even though you will have already paid tax on your earnings. Chowdhary & Co offers a thorough professional approach which makes use of IHT allowances and reliefs to maximise the share of your estate that passes to your chosen beneficiaries.

It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:

• help with planning and reviewing a will
• making full use of exemptions and lower tax rates on lifetime transfers
• optimising lifetime transfers between family members
• transferring agricultural or business property
• transferring assets into trust
• arranging adequate life assurance to cover potential inheritance tax liabilities.

Our IHT planning services are cost effective and are designed as per your individual requirements.