Inheritance Tax Planning

Table of Contents


IHT is a tax on transfers of assets in form of inheritances, gifts or other transactions either during the transferor's lifetime or on death. This is a complex tax area, which requires a qualified experienced accountant/tax advisor to deal with. We, at Naail & Co, provide end to end assistance in IHT tax planning.


There are different rules for Chargeable Lifetime Transfers (CLTs) and Potentially Exempt Transfers (PETs). During our tax planning meeting, we will assure that you understand the basic implications of these 2 areas in respect of IHT.

IHT Taper Relief and the other exemptions

We, at Naail & Co, will also discuss and consider the Taper Relief, if applicable, and how much tax will be reduced by taper relief. We will also discuss other exemptions that apply on bequests. Certain gifts and transfers on death are treated as exempt from IHT and consequently not included in the value of deceased person's estate for IHT purpose.

IHT tax planning and inheritance tips

We, at Naail & Co, provide detailed IHT tax planning advice and tips. Our discussion will revolve around CLTs, PETs, BPR, fall in value, gifts, legacies, insurance policies, making use of tax free gifts etc.

Our fee

Like all other services, we usually mutually agree our IHT tax planning advice fee in advance.

Inheritance Tax
Inheritance Tax

Our service to you

If you are a self employed, business owner/director of company looking to get your accountancy and taxation matters sorted, look no further. We are pro-active and easily accessible accountants and tax advisors, who will not only ensure that all your filing obligations are up to date with Companies House and HMRC, but also you do not pay a penny more in taxes than you have to. We work on a fixed fee basis and provide same day response to all your phone and email enquiries. We will also allocate a designated accounts manager who would have better understanding of your and business financial and taxation affairs. Book a free consultation call using the link below.

Related Blogs:

Get further information from the following blogs;

Inheritance tax and gifts for maintenance of family


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