Tax Planning

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Inheritance tax is hitting more and more families due to the increases in house prices and the government’s failure to increase the threshold when tax becomes payable.

Tax is payable on the value of your assets on your death after deduction of any liabilities.  This includes your share of jointly owned assets such as your home.

The current rate of tax is:-

Up to £325,000: 0%
Over £325,000: 40%

We can advise you on ways of planning your affairs to mitigate your tax liability and to reduce the amount of tax paid for the benefit of your children or others who you wish to inherit from you.