Inheritance tax is often called a voluntary tax in that, with planning, the payment of inheritance can be avoided.
But it is essential to plan ahead as unless we’re very careful, our families could end up paying a lot of money to HMRC in inheritance tax.
We're here to help you make sure your hard earned money goes to the right people.
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Inheritance tax has been around since before the French Revolution and it is safe to say that no one wishes to incur it unnecessarily.
There was a time when inheritance tax was meaningless to everyone but the very wealthy but that’s no longer the case. If you own your own home, your estate may well be larger and wealthier than you might think.
In the period ending May 2017, HMRC collected £5.1 billion in inheritance tax.
Most us would rather our wealth went to our families or charity, not HMRC. And, with a little planning and forethought you can leave more money behind for your loved ones than you may think.
How We Can Help
At Parfitt Cresswell, we can provide taxation advice to help you minimise the potential charge to inheritance tax and formulate a strategy for inheritance tax suitable for your own requirements.
To take advantage of our complimentary initial consultation with one of our legal experts contact us today on 0800 999 4437.
To find out more about Inheritance Tax click here