Are you protecting your wealth?

Are you protecting your wealth?

Haslers are Specialists in Inheritance Tax Planning

When you have worked hard during your life, you want the wealth that you have built to benefit the people that are important to you when you are no longer around, rather than going to the tax man.

Studies have recently been published disclosing HMRC enquires into IHT returns rising by 5% in 2017/18 to 5,400, as IHT liabilities have increased with house prices.

The most frequent points of investigation were: The correctness of the valuation of residential property; the authenticity of entitlements for business and agricultural relief; and the oversite of assets from the estate.

With inheritance tax (IHT) levied at 40 per cent on estates above a £325,000 threshold, more and more people are being pushed into the IHT bracket as a result of increasing property prices, aside from other personal or business assets, so working with experts on options to reduce future tax bills for your family is a wise investment.

Our IHT specialists will tailor IHT solutions to your needs and circumstances, drawing on their detailed knowledge of inheritance tax exemptions and reliefs.

Sometimes, simple IHT planning steps will be effective. For larger estates, more complex arrangements, which could involve setting up a trust, for example, may be necessary to shelter assets from IHT.

The most recent statistics available show that 24% of IHT returns submitted in 2015/16 were investigated and the number of estates liable to IHT rose by 5% last year to 24,500.

Whatever your circumstances and needs, we will develop an IHT planning solution that is right for you. Our services include:

  • IHT reliefs and exemptions
  • tax planning for efficient wills
  • trusts
  • insurance-based arrangements
  • post-death planning
  • Domicile issue

For more information on our inheritance tax planning services please contact us.

Are you protecting your wealth?