Inheritance Tax Planning

If you’ve dedicated your life to hard work and prudent saving with the intention of providing a nest egg for your loved ones or leaving a legacy to your heirs, you should be aware of the wide reaching implications of Inheritance Tax.

No longer does this have an exclusive affect on what were once considered particularly affluent individuals. The gradual increase in property values over the last 10 years means that its quite likely that you have assets valued in excess of the current Inheritance Tax threshold of £325,000 and therefore your estate may be liable to 40% tax at the time of your death.

But it’s not just the financial burden that Inheritance Tax can bring as such uncertainty and anxiety can create a lot of unnecessary upset for your bereaved relatives.

David Allen Tax Specialists can help you implement effective inheritance tax planning and arrange tax effective wills, lifetime giving and business property relief.