At Page Kirk, our chartered tax advisers and accountants in Nottingham provide expert inheritance tax planning services for individuals and families across the UK. We help you protect your wealth and pass it on efficiently, using trusted strategies that reduce unnecessary tax liabilities while remaining fully compliant with HMRC. Whether you’re local to Nottingham, Derby, Leicester or based elsewhere in the country, our experienced tax planning team is here to help you.
Without effective Inheritance Tax (IHT) planning, families and other beneficiaries face a 40% tax when inheriting assets above the threshold of £325,000. Through expert IHT planning, you can ensure they receive more of your money. And the sooner you start planning, the more inheritance tax you can potentially save.
Inheritance tax is applied to all assets above the £325,000 IHT threshold when a UK citizen leaves assets to someone other than their spouse or civil partner. Foreign nationals who own UK property or have other UK assets valued at over £325,000 are also subject to IHT. The tax does not apply if you are leaving money to a charity or amateur sports club.
Without effective Inheritance Tax (IHT) planning, families and other beneficiaries face a 40% tax when inheriting assets above the threshold of £325,000. Through expert IHT planning, you can ensure they receive more of your money. And the sooner you start planning, the more inheritance tax you can potentially save.
Inheritance tax is applied to all assets above the £325,000 IHT threshold when a UK citizen leaves assets to someone other than their spouse or civil partner. Foreign nationals who own UK property or have other UK assets valued at over £325,000 are also subject to IHT. The tax does not apply if you are leaving money to a charity or amateur sports club.
There are many other factors that we can explore to find possible tax relief, such as regular payments out of your income, small gifts, wedding gifts and some other types of gifts that can reduce the value of your estate and therefore also reduce the tax liability. If your main priority is to make sure that your family is left with as much inheritance as possible, setting up lifetime gifts or trusts can be the most suitable option.
As a trusted firm of Nottingham-based chartered accountants and tax advisers, we take time to understand your circumstances and long-term goals.
Our team offers a full inheritance tax review, including a personal balance sheet detailing your finances and assets. After the review, we’ll recommend the most tax-efficient strategies to reduce your IHT liability, explaining your options to help you make the best decision for you and your beneficiaries.
You’ll work with a dedicated tax adviser who will explain every option in plain English, so you feel in control of your legacy.
Our IHT planning services not only help reduce tax liabilities for your family but also simplify the process for the executor of your will, easing the burden of tax obligations after death.
IHT must be paid within six months, or HMRC will charge interest. If paying upfront is a concern, we can explore installment options over up to ten years.
Contact us today for expert advice on minimising your IHT liabilities and securing a brighter future for your loved ones.
Our IHT planning services not only help reduce tax liabilities for your family but also simplify the process for the executor of your will, easing the burden of tax obligations after death.
IHT must be paid within six months, or HMRC will charge interest. If paying upfront is a concern, we can explore installment options over up to ten years.
Contact us today for expert advice on minimising your IHT liabilities and securing a brighter future for your loved ones.
We will provide you with a dedicated account manager who will ensure that your IHT obligations are completed with minimal effort and hassle for you. Our IHT Planning knowledge enables us to save our clients money by reducing the tax burden through reliefs and exemptions they may not realise they’re eligible for. Our personalised service can be combined with other accountancy services, so that you have a friendly, award-winning team of chartered tax advisers who understand your business, working towards better financial outcomes for you.
From ensuring that you comply with your statutory requirements, to navigating the scaling-up of your business, through to effective profit extraction and dealing with your tax affairs, Page Kirk Nottingham accountants are here for you every step of the way
Page Kirk is a leading accountancy practice in Nottingham, but we service clients across the country, so wherever you are based, we can help. We will assign you an accountant to assist you in growing your business and improving its efficiency. Contact us to find out how we can help you today.
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