AT A GLANCE
What does inheritance tax planning involve?
Inheritance tax planning considers the value of your estate, who will inherit, available allowances and exemptions, and the effect of gifts or other arrangements. A useful plan starts with your own needs; it cannot promise that tax will be avoided.
Inheritance tax planning begins with a clear picture of what you own, what you owe and who you want to benefit. Allowances, exemptions and the treatment of gifts can all matter. Any approach should leave room for your own life, changing circumstances and the possibility that tax rules will change.
What this can help you explore
- Build an overview of your estate and previous gifts.
- Explore relevant allowances and exemptions with appropriate advice.
- Consider inheritance alongside retirement and family support.
Things to consider
Tax treatment depends on individual circumstances and the rules in force at the relevant time.
Giving assets away can reduce your control and financial flexibility, and may have other tax consequences.
Your questions, answered.
Not always. The type of gift, its timing and whether you continue to benefit from it can affect how it is treated.
No. Trusts have their own tax and administrative rules. Planning should compare suitable options against your circumstances rather than assume one structure is best.
Who provides this service?
Estate-planning services are outside FCA regulation. The legal provider, supported jurisdiction and terms must be confirmed before work begins.
Regulatory information