specialist services

Specialist Services

There are a number of areas of taxation that require a specialist knowledge and we would highly recommend that you seek the professional advice that we are able to offer when encountering these areas of taxation

Inheritance tax, Estates and Trusts

Inheritance tax

Inheritance Tax is usually paid on an estate when somebody dies. It’s also sometimes payable on trusts or gifts made during someone’s lifetime. Most estates don’t have to pay Inheritance Tax because they’re valued at less than the threshold.

Planning ahead for when you die allows you to set out clearly who should get what from your estate. Also, you can maximise Inheritance Tax reliefs and exemptions if your estate might be worth more than the Inheritance Tax threshold.

The threshold is £325,000 and will remain so until 2014-15.


Trusts can be used as part of a wealth protection strategy to protect assets as well as tax planning vehicles, particularly as part of inheritance tax planning.

You can use a trust to pass assets on to others, for example to those who aren’t immediately able to look after their own affairs, such as your children.

Gifts into a trust may still be subject to Inheritance Tax if your estate, including the amount being transferred, is over the Inheritance Tax threshold (£325,000 in 2011-12).

Trusts can be complicated - it’s a good idea to get professional advice

We are able to offer advice on issues relating to inheritance tax planning, trusts and estate valuations

Please contact us for a free initial consultation to discuss your position