Inheritance Tax (IHT) is the tax that is levied on an individual on death.

This tax can be ignored, if you anticipate that your estate will be worth less than the limit at which this tax kicks in.

The current rates and limits are available by looking through our free resources (see left).

When the tax does apply, it is a massive 40%, and greatly reduces the amount available to your family, friends and good causes, that you would have liked to have benefited from the wealth you left on death.

A lot can be done to reduce and even eliminate this tax.  The one proviso is that the planning has to be done before death.  This is sometimes the problem, because people do not like thinking about death. This plays directly into the hands of the tax man.

The greater the value of your estate, the more important it is to discuss what planning is available, implement it correctly, and save the tax, should the unexpected happen.

One or two of our strategies involve not only saving inheritance tax, but also leaving you with control over the assets that have been sheltered.  We will happily discuss it with you at your convenience.

Our VAT services are broken down into the following key areas:

• Advice
• Implementation
• Process
• Support

We would consider it an honour to be chosen as your tax adviser, and would welcome the opportunity to discuss your personal and business goals with you, with a view to helping you make the most of every business and tax reduction opportunity available to you.

For more information, and a free quote, please contact our team on 020 8241 3000 or email us: gds(at)gordonsknight.co.uk.