IHT Planning


Leaving an inheritance to our loved ones is something to which many of us aspire. However, paying Inheritance Tax on our hard-won wealth is less desirable.  At S&P, we can help ensure that Inheritance Tax (IHT) on your estate is kept to a minimum.

With careful tax planning, it is possible to reduce the amount of Inheritance Tax payable on your death. Our financial planners will help you mitigate any future liability by exploring all the available allowances and reliefs, including:

  • The Nil Rate Band – the amount each individual can leave without incurring an Inheritance Tax liability. 
  • The new Residential Nil Rate Band which becomes available in April 2017, allowing some or all of the value of the family home to be added to the original Nil Rate Band, provided the property is left to direct descendants. 
  • Gift Allowances – annual amounts that can be gifted and not be counted as part of your estate if you die within seven years of making the gift.
  • Reliefs such as Business Property Relief and Agricultural Relief.

We will look at alternative ways of holding assets such as the transfer of assets to other family members or the use of family trusts. For more details about trusts see our Use of Trusts page.

The value of your investment can fall as well as rise and you may get back less than you have invested.

Back to the top