Capital Tax Planning

business summed up

Keeping your security and peace of mind at the top of our agenda.

Inheritance Tax is often called “the optional tax”. Your security and peace of mind are however, essential.

There are two ways of avoiding Inheritance Tax (IHT). You can give assets away; or you can organise your affairs so that they qualify for tax reliefs. Planning schemes come and go, but when it comes down to it they all rely on those two methods, in one form or another.

Arguably, IHT planning is among all areas of taxation, most rightly governed by individual personal circumstances. If you want to plan to reduce IHT, these are some of the things you will need to think about:

  • What are your assets worth, and what will be the likely IHT bill on your death?
  • Can you afford to give away some of your assets now?
  • Will there be other tax consequences? (Capital Gains Tax or Stamp Duty, for example)
  • Who do you want to inherit your wealth? Would it be right for them to receive wealth now? Or should anything you want to give away be protected in some way?
  • Which of your assets will qualify for reliefs? Are there any which could qualify for relief with a little extra planning?
  • Are there any forms of investment which could help reduce your IHT bill?
  • Do you have the right Will in place?

Keens Shay Keens MK is experienced in helping people think through these sensitive issues. We maintain knowledge and experience to ensure we can offer you the widest range of tax planning. However, we will always put your security and peace of mind at the top of our agenda, ahead of the tax outcome.

Please contact us for a free initial discussion to see how we can help you!

Talk to an expert

Lawrence McAulay

Lawrence McAulay

Taxation & Planning

Do you need help with Capital Tax Planning? Get in touch to find out more