Inheritance Tax Planning

Inheritance Tax

Inheritance tax can significantly impact the wealth you leave behind for your loved ones. At FSL Accountancy Limited, we specialise in Inheritance Tax Planning to help you navigate the complexities of this important financial consideration. Our expert team is dedicated to ensuring that your estate is structured efficiently, minimising tax liabilities and ensuring your beneficiaries receive the maximum benefit.

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Understanding Inheritance Tax

Inheritance tax is a tax on the estate of a deceased person. It is applied to the total value of the estate, including property, money, and possessions. If the value of the estate exceeds a certain threshold, inheritance tax may be payable. Proper planning can help mitigate the impact of this tax on your estate.

Personalised Tax Planning

We assess your financial situation and tailoor a strategy that aligns with your goals.

Gifting Advice

Guidance on how to gift assets during your lifetime to reduce your estate's. taxable value.

Trust Setup

Assistance in establishing trusts too protect your assets and manage tax liabilities effectively.

Regular Reviews

Ongoing reviews of your inheritance tax plan to ensure it remains relevant and effective as yoour circumstances change.

Why Choose Us for Inheritance Tax Planning?

Expert Advisor

Our qualified inheritance Tax Advisor have extensive knowledge oof the relevant laws and regulations, providing tailored advice based on your unique financial situation.

Straaegic Planning

We develop effective strategies for reducing inheritance tax liabilities through gifting assets, utilizing trusts, and maximizing available allowance and reliefs.

Dedicated Support

Our team of inheritance tax Specialists works closely with you to understand your goals and ensure your wishes are fulfilled while minimizing tax obligations.

Precise Valuation

We provide accurate estate valuation and timely tax returns, ensuring full compliance with HMRC regulations too prevent future penalties and issues.

Contact Us

Contact us today to discuss your inheritance tax planning needs.

Phone

01582 806111

Email

Contact@fslaccountancy.co.uk

Visit Us

Unit 2, Regents Place 11 Hastings Street Luton LU1 5BE

Let us provide you with the peace of mind that comes from knowing your estate is in capable hands.

Frequently Asked Questions

It involves assessing your potential IHT liability, evaluating your assets, reviewing past gifts, and aligning your estate plans with your will to reduce tax liabilities.

  • Utilise tax-free allowances, such as the annual gift allowance.
  • Make lifetime gifts to loved ones.
  • Claim reliefs like business property relief.
  • Consider charitable donations to reduce your taxable estate.

Yes, trusts can effectively protect assets and manage tax liabilities, though legal documents will need to be drafted with a solicitor.

A trust can keep assets out of your estate for IHT purposes, reducing the overall tax burden for your beneficiaries.

Types include discretionary trusts, bare trusts, and life interest trusts. Each serves different purposes and has varying tax implications, so understanding which is suitable for your situation is crucial.

Get started with a free consultation!

0158 2806 111
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