Home
Who needs a Will?
Other Services
Easing IHT
Powers of Attorney
Protective Trusts
Preparatory steps
Contact

MITIGATING INHERITANCE TAX

If your assets are valued at over £300,000 (the current Nil Rate Band) when you die you will be liable to pay Inheritance Tax at a rate of 40%.

Recent changes allow your Nil Rate Band allowance to be ‘carried over’ to your spouse or registered Civil Partner (assuming no chargeable transfers are made) meaning on current thresholds a total of £600,000 can be distributed tax free.

However, for many this is ‘the tax cut that never was’ as married couples and registered Civil Partners could previously gain this allowance simply by planning in advance.

Many of our clients have estates in excess of £600,000 (when calculating properties, death in service, life insurance, savings and investments) and we therefore have advanced inheritance tax planning products which we tailor to the individual needs of our clients

 This opportunity is suitable for both married and unmarried couples who are looking for:

  • Ways of easing their IHT liability
  • Access and control over their capital during their lifetimes
  • A way of protecting capital for their beneficiaries following their death
Your consultant will be able to explain this opportunity to you and answer any queries you may have.

Morgan Chapel Legal Services | info@morganchapel.co.uk