The effects of the pandemic and rising property prices could mean a growing number of families need to consider inheritance tax (IHT).
Whilst IHT is still only paid by a small proportion of the UK population, the number is growing.
Chancellor Rishi Sunak announced a freezing of the IHT threshold up to and including the 2025/26 tax year in his Budget. This, combined with record high house prices across the country, will see the proportion of estates that are subject to IHT likely to grow in years to come.
How we can help
We work closely with clients to formulate a long-term inheritance tax planning strategy and provide innovative bespoke solutions to fit with client’s circumstances and to protect family wealth.
To find out more about inheritance tax and estate planning, contact our Private Client Services’ team on 01788 539000 or 0116 261 0061.
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