Inheritance tax rules in the UK are complex and subject to frequent change.
Without specialist advice, it is easy to miss reliefs, allowances, and planning opportunities that could significantly reduce the tax payable on your estate.
Our inheritance tax planning solicitors advise individuals, families, and business owners on how to reduce inheritance tax liabilities legally and effectively.
We take a strategic approach, integrating inheritance tax planning with wills, trusts, and wider estate planning.
We advise clients nationally, including those with property, business interests, and complex family arrangements.
Speak to an inheritance tax planning solicitor today.
What Is Inheritance Tax?
Inheritance Tax (IHT) is a tax charged on a person’s estate when they die, usually at a rate of 40 per cent on the value of assets above the available tax-free thresholds.
The standard nil-rate band is £325,000. In certain circumstances, additional allowances may apply, including the residence nil-rate band when a home is left to direct descendants. Reliefs may also be available for business assets, agricultural property, and charitable gifts.
Our inheritance tax planning solicitors assess which allowances and reliefs apply to your estate and advise on lawful strategies to reduce tax exposure.
Why Inheritance Tax Planning Is Essential
Inheritance tax planning should begin well before tax becomes payable. Early planning provides significantly more flexibility and a wider range of options.
Without appropriate planning:
- Estates may pay more inheritance tax than necessary
- Assets may not pass in line with your wishes
- Families may face avoidable delays or financial pressure
An inheritance tax planning solicitor can help structure your affairs so that tax efficiency, asset protection, and family considerations are addressed together.
How Our Inheritance Tax Planning Solicitors Can Help
At Monan Gozzett, we take a holistic approach to inheritance tax planning.
Our solicitors will:
- Take time to understand your family circumstances and objectives
- Review the structure and composition of your estate
- Identify inheritance tax risks and planning opportunities
- Advise on the use of wills, trusts, and lifetime planning strategies
- Ensure your arrangements remain compliant with UK tax law
Inheritance tax advice is coordinated with our wider private client services, including Will writing and Probate and estate administration.
Inheritance Tax Planning for Complex Estates
Inheritance tax issues frequently arise where estates include:
- Multiple properties
- Business or partnership interests
- Overseas assets
- Vulnerable beneficiaries
- Significant lifetime gifting
Our inheritance tax lawyers regularly advise on complex and high-value estates, ensuring planning strategies are robust, practical, and aligned with long-term estate planning goals.
Further Reading
• The Inheritance Tax Loophole You’ve Never Heard Of…
• Four Steps to Help Save on Inheritance Tax
Inheritance Tax FAQs
The standard inheritance tax threshold is £325,000. An additional residence nil-rate band of up to £175,000 may apply where a home is passed to children or grandchildren. For married couples or civil partners, unused allowances can be transferred, potentially increasing the combined threshold to £1 million.
Yes. With specialist inheritance tax planning advice, it is often possible to reduce inheritance tax through lawful strategies such as trusts, lifetime gifting, and charitable donations. The appropriate approach depends on your estate and objectives.
Yes. Any unused portion of your nil-rate band can be transferred to your spouse or civil partner’s estate. Assets left to a spouse or civil partner are generally exempt from inheritance tax.
Lifetime gifts may be subject to inheritance tax depending on their value, timing, and circumstances. Factors include when the gift was made, the total value of gifts, and whether the donor survived for seven years after making the gift.
Further guidance is available via the UK government’s official inheritance tax resource.
If you would like to speak to our expert legal team about this, or any related subject then please contact our team by phone on 0207 936 6329, Email or by completing our Quick Contact Form below.
Please note that we are unable to offer free legal advice. Our client services team are here to take your case details and explain any costs involved