Navigating inheritance tax is an essential part of managing your wealth. At UK Tax Advice and Accountancy, we specialise in making this process straightforward and clear, ensuring your wealth is passed on in the most tax-efficient way.
Our team can help you fully understand your inheritance tax implications and commitments. We will then plan the most tax-efficient way to pass on your wealth, balancing your current lifestyle, future ambitions, and potential lifetime gifts to your beneficiaries.
The nil rate band for inheritance tax in the UK is currently £325,000. Anything above the threshold is taxable at 40%, but there are reliefs and exemptions available. We will advise on your eligibility and help you take full advantage of these opportunities.
If you have assets overseas or live outside the UK, we help you deal with inheritance tax matters across different countries. Our aim is to assist you in understanding international tax rules and avoid unnecessary duplication of taxes.
Trusts can serve as valuable tools in managing your estate and lowering inheritance tax. We assist in setting up and administering various types of trusts to align with your long-term financial and tax plans.
We offer advice on how to make tax-efficient gifts and transfers, helping you understand tax exemptions, so you can maximise the value of your estate for your beneficiaries.
Good record keeping is essential in handling inheritance tax. We assist you in keeping precise records of your estate, gifts, and transfers, ensuring tax compliance and easy reference.
We are also experienced in providing Inheritance Tax advice in respect of business assets and can assist with advice to reduce your tax exposure.
Why work with us?
At UK Tax Advice and Accountancy, we believe in personalised service, understanding each client’s unique circumstances, providing tailored solutions, timely service, and peace of mind. Navigate the Inheritance tax planning landscape with confidence.
