Inheritance tax (IHT) is a tax on your estate, i.e. what you own and the things that belong to you, when you die; it is also sometimes payable on trusts or gifts made during your lifetime
Here at PM Law we can provide you with the best practical advice on how to arrange the assets in your estate to avoid paying the maximum amount of IHT.
We can advise on tax efficient arrangements, including wills and trusts, which will help to plan for, mitigate, or limit your future liabilities to inheritance tax, capital gains tax and income tax.
The IHT thresholds can be found at http://www.hmrc.gov.uk/rates/iht-thresholds.htm and until April 2015 the threshold is fixed at £325,000.
We can help…
The tax burden is ever increasing, stay ahead of the Revenue and ensure your tax liabilities are legitimately as low as possible. Contact us today on 0114 296 5444 or get in touch via the contact form on this page and save your loved ones from the burden of IHT.