Inheritance Tax Planning Solicitors

Our inheritance tax planning solicitors can help you to make the best decisions with your tax plans to ensure you pass on as much as possible to your beneficiaries when it’s time to leave them your estate.

What is inheritance tax?

Inheritance tax is a tax on the estate left when someone dies. There is normally no tax to pay if your estate falls below the £325,000 threshold or if you leave your estate to a partner or charity.

These regulations can change if you are married or in a civil partnership and your estate is worth less than the threshold. With this in mind, it is important that you ensure inheritance tax and your estate is planned for.

When should you consider inheritance tax planning?

There is no bad time to consider inheritance tax and estate planning, but it is particularly important to take advice when you are thinking about buying a new house or selling a business, when you are reaching retirement, or when you receive an inheritance.

Minimising your inheritance tax

The advice you receive will take into consideration your personal circumstances, from the nature of your estate to the age and circumstances of your intended beneficiaries. Based on this, we’ll consider the best ways to minimise your inheritance tax and capital gains tax obligations and make use of all available reliefs and exemptions.

The inheritance tax planning process

From beginning to end, our inheritance tax planning Solicitors will guide you along this planning process so that you benefit from our expertise throughout your lifetime.

By assisting with your inheritance tax planning, we provide reassurance that as much of your estate as possible will reach your beneficiaries by reducing the impact of inheritance tax. It can be easy to think of tax advice as being academic and impersonal, but we move beyond this, offering advice which is very much tailored to your own particular circumstances and your wishes.

When we recommend a particular action or structure for your inheritance tax planning, it is because we believe that it works for you and your personal circumstances, not just from a legal or tax angle, but because it is practical, proportionate and sensible.

We provide advice to clients in London, Oxfordshire, Cheltenham and neighbouring counties, so however you want to prepare for the future, our specialist team can help.

If you would like to discuss how our Inheritance Tax Planning Solicitors can help you, call one of our inheritance tax experts on 01865 987781, who will be able to offer you tailored advice on how to proceed.

Fiona Wheeler is one our Partners here at The Burnside Partnership, specialising in private client law.

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