Inheritance tax planning

 

Without proper inheritance tax (IHT) planning, your wealth may not pass to who you want it to and may be reduced by a large tax bill. The good news is there are lots of different options available to help you.

This section of the website is for UK residents only. People who are not UK resident but are domiciled in the UK may also be liable to UK IHT, but this section of the website is not relevant to them as domestic taxes may also apply.

How IHT works

IHT may be payable to the government on the value of an estate when someone dies. It usually has to be paid first, before anything else gets distributed out. We give you more information, including how much it is and how it's calculated, here.

IHT planning options

If you realise you've got a potential IHT liability, you'll want to know what IHT planning options you have. We give you more information on some of the key options available here.

Trust range

Using a bond in the appropriate trust is a very effective way of IHT planning. We have a full range of trusts that means you can find the one that best suits your needs. Take a look at the different trusts we have by visiting our literature library.

This information is based on our understanding of current legislation, taxation law and practice, which may change. The value of any tax relief depends on the individual circumstances of the investor.