iwill solicitors the islamic wills specialists birmingham iwill solicitors the islamic wills specialists birmingham iwill solicitors the islamic wills specialists birmingham iwill solicitors the islamic wills specialists birmingham iwill solicitors the islamic wills specialists birmingham iwill solicitors the islamic wills specialists birmingham

Inheritance Tax Planning

(also known as estate planning)

Without obtaining expert tax planning advice at the time of preparing one's Will, many people end up with a substantial tax liability on their death, considerably reducing the value of the estate passing to their chosen beneficiaries. The continued rise in property prices means that more and more people are crossing the threshold for inheritance tax, after which inheritance tax is charged at a massive 40%.

The law relating to inheritance tax is constantly evolving and, with our experience in inheritance tax planning, we can assist you to mitigate your inheritance tax liability. Often the liability can be reduced to zero but, if not, we are confident that tax savings can be obtained.

Moreover, it is not just tax that needs to be considered. You can direct the succession of particular assets through the use of trusts in a manner that ensures that beneficiaries can benefit from assets without the asset being frittered away.




The change in position by the Revenue emerged in correspondence from its capital taxes technical group sent to Haroon Rashid, an expert in inheritance tax planning