Inheritance Tax Planning

Navigate Inheritance Tax with Expert Planning for Your Estate’s Future”

What is Inheritance Tax?

It is levied on the estate of a deceased person, which includes properties, shares, investments, savings, and other assets. Navigating IHT can be complex, but with Pro Tax Consult, one of the UK’s premier Inheritance Tax specialists, you’re in expert hands.

Inheritance Tax Planning: We’ll help you understand and manage your IHT liabilities and devise the most tax-efficient strategies for passing on your wealth.

Wills: Secure the future of your estate with our will-making guidance, ensuring your wishes are honored precisely.

Trusts: Utilize trusts to significantly reduce the inheritance tax burden on your family, keeping more of your legacy with those you care most about.

At Pro Tax Consult, we ensure that your estate planning is handled with the utmost care and expertise, providing peace of mind and financial efficiency for you and your loved ones.

Exemptions

You may be exempt from IHT if your estate is valued under the £325,000 threshold or if you bequeath everything above this limit to your spouse, civil partner, a charity, or a community amateur sports club. If exemptions do not apply, the standard IHT rate is 40% on amounts over the threshold, which can reduce to 36% if at least 10% of the estate is donated to charity through your will.

Special Areas Coverage

Result

Pro Tax Consult simplifies inheritance tax planning with expert guidance tailored to protect and maximize your estate’s value. Our specialized services ensure efficient management of all aspects of your inheritance, providing peace of mind and financial security for you and your loved ones.

Frequently Asked Questions

Have Any Question?

1. Which countries have an inheritance tax?

Several countries have an inheritance tax system in place, including Belgium, France, Spain, and the UK. These countries typically levy higher taxes on inheritances passed to distant relatives or non-family heirs.

2. Who can inherit tax-free?

At Pro Tax Consult, we advise that inheritances left to a spouse or civil partner are generally exempt from Inheritance Tax (IHT). Additionally, any portion of an estate left to charity is also not subject to IHT.

3. Can I gift 100k to my son?

Yes, you can gift any amount, including $100,000, to your son or any other family member without immediate tax implications under certain conditions.

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Pro Tax Consult offers expert tax consulting and advisory services, ensuring legal certainty and efficient tax strategy for individuals and businesses. Trust our personalized solutions to support and optimize.