We help you plan ahead to reduce inheritance tax and protect the value of your estate for future generations.
Nobody likes to think of a time when they are not around, but planning as a family to minimise Inheritance Tax (IHT) needs careful consideration.
It’s not just about making sure the wishes of those gifting are fully met, but that the transfer of assets between generations is handled in the most tax-efficient manner.
At Haggards Crowther, we have an experienced team of tax advisers to help you navigate through these challenging times. With our expertise, we will ensure that your legacy remains with your loved ones.
Without the right planning in place, a large part of your estate could be taxed at 40%. This means that your loved ones may inherit far less than you intended.
Whether you’re thinking about giving gifts, passing on your home, or setting up a trust, smart planning with Haggards Crowther can help protect your wealth and make sure it goes exactly where you want it to.
One of the most effective ways to reduce your inheritance tax bill is to pass on more of your money to the people you care about. There are lots of ways to pass on your money, such as using your tax-free allowances or setting up a trust.
At Haggards Crowther, we will guide you through what works best for you. We will work closely with you to ensure more of your estate ends up with your loved ones and less with HMRC.
Inheritance tax planning can come across as very overwhelming, but with the right support, this is no longer the case.
Our experienced team will guide you through the process step by step, helping you make confident decisions that protect your family and your legacy.
Here’s how Haggards Crowther can support you:
Starting your planning early is essential, as every year that passes, you may lose valuable allowances and opportunities. So, the earlier you discuss your options with us, the more we can do to help.
Get in touch with us today for a free consultation and see how we can work together to get your tax affairs in order for yourself and your loved ones.
As of the 2024/25 tax year, the standard nil-rate band is £325,000. If your estate is worth less than this, there’s normally no IHT to pay. You may also benefit from the Residence Nil-Rate Band if you pass your main home to direct descendants.
Inheritance Tax is usually paid from the estate before beneficiaries receive their inheritance. The executor or administrator is responsible for settling any IHT due.
Yes. You can reduce your IHT liability through effective planning, such as making use of allowances, gifting assets during your lifetime, placing assets into trust, or using reliefs available for certain types of property or businesses.
A potentially exempt transfer (PET) is a gift made during your lifetime that becomes exempt from IHT if you survive for seven years after making it. If you die within that period, some or all of the gift may be subject to tax.
Absolutely. Inheritance Tax rules are complex and subject to change. We can help you create a tailored strategy that protects your estate and ensures your wishes are carried out tax-efficiently.
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Speak to our team today to find out how our inheritance tax planning can help protect your estate and reduce future tax liabilities.
