The standard rate of Inheritance Tax is 40% on estates above the current nil-rate band. However, with effective planning, you can reduce or even eliminate this liability by making use of exemptions, reliefs, and strategic lifetime planning.
We work with UK residents, non-UK domiciled individuals, and families with cross-border estates to provide inheritance tax guidance. From lifetime gifting to the use of trusts, we help you structure affairs in a tax-aware way while keeping HMRC reporting requirements in view.
Where estate administration, probate income, capital gains or personal tax reporting is involved, we can connect inheritance tax planning with Self Assessment tax return support and Capital Gains Tax advice.
Why Choose Accusolve for Inheritance Tax Planning?
Our specialist tax advisers provide clarity and reassurance in this complex area:
- Expert inheritance tax planning tailored to your estate
- Guidance on lifetime gifts, exemptions, and reliefs
- Trust and estate planning strategies
- Support for executors and beneficiaries
- Cross-border inheritance tax advice for international estates
Our Inheritance Tax Services Cover:
- Estate and succession planning
- Use of nil-rate bands and transferable allowances
- Business Property Relief and Agricultural Relief advice
- Setting up and managing trusts
- Lifetime gifting strategies
- IHT reporting and compliance with HMRC
- Joined-up planning with Capital Gains Tax and Self Assessment tax return requirements
Related Personal Tax Support
Inheritance Tax planning often overlaps with Capital Gains Tax, estate income and personal Self Assessment reporting. We help keep the tax position joined up across these areas.
The Benefits of Inheritance Tax Planning
Planning ahead ensures your wealth is preserved and passed on according to your wishes:
- Reduce or eliminate unnecessary IHT liabilities
- Provide financial security for future generations
- Ensure your estate is structured tax-efficiently
- Gain peace of mind knowing your affairs are in order
Inheritance Tax FAQ's
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Who pays Inheritance Tax?
Inheritance Tax is usually paid from the deceased’s estate before distribution to beneficiaries. Executors are responsible for settling the liability with HMRC.
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What is the current Inheritance Tax threshold?
The nil-rate band threshold is the amount up to which an estate has no IHT liability. Amounts above this may be taxed at 40%, subject to reliefs and exemptions.
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Can I reduce my Inheritance Tax liability?
Yes. Reliefs such as Business Property Relief, Agricultural Relief, and exemptions for gifts can significantly reduce your liability. Professional advice is key to maximising these opportunities.
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Do non-UK residents pay Inheritance Tax?
Non-UK domiciled individuals may be subject to UK IHT on assets situated in the UK. We provide specialist advice on cross-border inheritance tax planning.
