Understanding Inheritance Tax
Inheritance Tax (IHT) is charged at 40% on the value of your estate above the nil rate band threshold of £325,000. With an additional residence nil rate band of £175,000 available when passing a main residence to direct descendants, the combined threshold for a married couple can reach £1,000,000.
With rising property values across the UK, more estates than ever before are falling into the IHT net — including those of people who never considered themselves wealthy enough to worry about it.
The good news is that with early and expert planning, there are entirely legitimate and HMRC approved strategies available to significantly reduce or even eliminate your IHT liability. The key is acting early — many of the most effective strategies require time to implement properly.
At Heritance Planning we bring qualified tax advisory expertise to every estate plan — ensuring your IHT position is assessed, understood and addressed as part of a comprehensive plan tailored to your circumstances.
IHT Planning Strategies
There are several entirely legitimate and HMRC approved strategies available to reduce your IHT liability. We assess which are most appropriate for your individual circumstances.
Tax Planning For Business Owners
Business owners face unique and complex estate planning challenges. We combine estate planning expertise with qualified tax advisory knowledge to protect your business and your personal estate.
Business Property Relief
Qualifying business assets may attract up to 100% IHT relief. We identify your BPR eligibility, ensure your Will is structured to maximise it and document everything correctly.
Succession Planning
Who takes over your business when you are gone? We help business owners put legally sound succession plans in place that protect the business, minimise tax and reflect your wishes.
Director Wills
A standard Will is rarely sufficient for a business owner. We draft Wills that specifically address business assets, shareholdings, partnership interests and the continuation of trading.
Shareholder Protection
Ensuring your business partners or co-directors can acquire your shares on death without disruption to the business — structured correctly for both tax efficiency and legal certainty.
Corporate Tax Planning
Our qualified tax advisory expertise extends to corporate structures — ensuring your business and personal tax positions are aligned as part of a comprehensive estate plan.
Exit Planning
Planning to sell your business? We ensure your estate plan reflects the anticipated proceeds and puts strategies in place to manage the resulting tax exposure effectively.
Capital Gains Tax Planning
Capital Gains Tax (CGT) is a critical but frequently overlooked element of estate planning. When assets such as property, investments or business shares are transferred or sold as part of estate administration, significant CGT liabilities can arise if proper planning has not been put in place.
At Heritance Planning we assess the CGT implications of your estate as part of every comprehensive plan — identifying opportunities to reduce liability through annual exemptions, spousal transfers, principal private residence relief and other legitimate strategies.
For business owners and expats in particular, CGT planning can represent significant savings and is an essential part of any complete estate plan. Key CGT considerations we address:
✅ Property transfers and principal private residence relief
✅ Investment portfolio planning and annual exemption utilisation
✅ Business asset disposal relief for entrepreneurs
✅ Spousal transfer planning to maximise exemptions
✅ Cross border CGT exposure for expats
Expat Tax Planning
Expert tax planning for British expatriates, addressing international complexities and ensuring UK compliance wherever you reside.
Why Choose Heritance Planning For Tax
We bridge the gap between legal structure and financial efficiency, providing a holistic approach to your family's future.
Qualified Tax Expertise
Our founder is a qualified tax adviser with over 10 years of personal and corporate tax experience.
Strictly Confidential
Your financial legacy is treated with the highest level of privacy and professional discretion.
Cross-Border Specialists
Deep expertise in UK tax for expats, managing complex global assets with complete remote efficiency.
Comprehensive Planning
Integration of wills, trusts, and tax planning to ensure no gaps in your wealth preservation strategy.
Fixed-Fee Transparency
No hourly billing surprises. We provide clear, fixed-fee quotes before any work begins.
Decade of Experience
Over 10 years guiding high-net-worth individuals through complex tax and succession transitions.
Book Your Free Tax Planning Consultation
Start securing your family's future today. Our expert tax advisors are ready to help you navigate Inheritance Tax, Trusts, and more.
Or email us directly at hello@heritanceplanning.com. All enquiries responded to within 24 hours.