Includes your business property, shares, cash, investments, and any other assets you own.
IHT is usually charged at 40% on the value of an estate above the £325,000 threshold, with additional allowances for businesses and agricultural property.
If you own a family business, planning for Inheritance Tax is crucial to ensure that the business can continue operating after your passing. Without proper planning, your heirs may be forced to sell the business to pay for IHT. Business Relief and other tax exemptions are available, but they must be strategically planned.
With the right strategy, it’s possible to reduce your IHT liability significantly. We’ll help you structure your estate, make use of the available reliefs, and take proactive steps to ensure that your estate isn’t taxed at the highest rates. Key reliefs include:
Allows a business or shares in a trading company to be passed on with little or no IHT liability, provided specific conditions are met.
Reduces or eliminates IHT on agricultural property.
Gifts made during your lifetime can reduce the value of your estate and potentially lower your IHT liability, especially if made more than seven years before your death.
We’ll work with you to identify tax-efficient strategies to lower your Inheritance Tax while ensuring that your business continues to thrive.
Without a proper estate plan, your family could face unnecessary tax burdens and have to liquidate assets to pay for Inheritance Tax. Our team will help you plan for the transfer of wealth to your heirs with minimum tax impact. We’ll also ensure that spousal exemptions and tax-free gifts are used to your advantage.
Inheritance Tax laws are complicated, and a failure to plan properly can result in your estate paying far more in taxes than necessary. We will guide you through the complexities of IHT returns, help you with will drafting, and ensure you’re in full compliance with HMRC requirements, avoiding penalties for incorrect filings.
Our expert IHT advisors will assess your estate and develop a tax-efficient plan to reduce your liability. We’ll help you utilise available reliefs and exemptions such as Business Property Relief (BPR) and Agricultural Property Relief (APR) to minimise the amount of tax your estate will face.
If you own a family business or shares in a trading company, Business Property Relief could potentially reduce or eliminate IHT on these assets. We’ll help you structure your business and shareholding in a way that qualifies for BPR, ensuring your heirs can inherit the business without facing crippling tax bills.
Gifting assets during your lifetime can significantly reduce your Inheritance Tax exposure. Our team will help you identify the right gifts to make, ensuring that you comply with the relevant rules and take advantage of exemptions. This includes strategic gifting to your children, employees, or charitable organisations to reduce your estate’s value.
Creating trusts can be an effective way to reduce your estate’s value for IHT purposes while ensuring that the right people inherit your assets. We provide advice on establishing trusts, setting up family trusts, and structuring your estate to ensure a smooth transition of assets without triggering unnecessary Inheritance Tax.
A well-drafted will is essential to ensure that your wishes are followed after your death. We provide will-writing services, ensuring that your will is structured to reduce IHT exposure. We also assist with IHT returns and tax compliance, ensuring all necessary documentation is submitted to HMRC on time.
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We understand that small businesses and entrepreneurs face unique challenges when it comes to Inheritance Tax planning. Our expert team provides tailored solutions to help you protect both your business assets and your personal wealth, ensuring you leave a legacy for future generations.
Our tax advisors have extensive experience in IHT planning, offering practical advice on reducing tax liabilities through business reliefs, lifetime gifts, and trusts. We ensure that your business remains protected and that your family avoids excessive tax burdens.
At Vertiqo, we believe that Inheritance Tax planning should be accessible for all business owners. We offer competitive, transparent pricing with no hidden fees, so you can access expert tax planning without breaking the bank.
We’ve helped numerous small business owners and entrepreneurs with IHT planning across the UK. Our proven track record of success in Inheritance Tax advice demonstrates our ability to help you minimise tax liabilities and protect your business.
From strategic tax planning to will writing and trust setup, we offer a full suite of services to help you plan your estate and minimise your IHT liability. We’ll guide you through every step, ensuring your business is protected and your wealth is passed on according to your wishes.
Talk to Us: 03333 589 444