Service - Inheritance Tax Review
Taking steps now could save your family a significant amount in tax
We understand how important it is to ensure your legacy is protected and your assets are passed on with care. The 2024 Autumn Budget brought meaningful changes to Inheritance Tax, transforming the way many estates will be taxed. These changes may significantly influence how you pass on your wealth to future generations and could lead to very high Inheritance Tax liabilities without good planning.
Introducing our Inheritance Tax review; a two-part service that helps you take control with:
1.
A personalised report – we’ll outline your current position and provide clear, practical steps to reduce your exposure to Inheritance Tax. You’ll also receive a face-to-face meeting about your estate and the measures we can take to improve matters.
2.
Implementation support – once you’re happy with the plan, we’ll take care of putting it into action for you.
What do I get with my report?
For a one-off fee, you will get a detailed expert assessment of your overall Inheritance Tax position from our tax team, based on the estimated value of your current assets and available reliefs, and on the terms of your will. Alongside the assessment, you will receive bespoke recommendations on how to optimise your position.
Who will benefit from an Inheritance Tax review?
If you are an individual with over £500,000 in assets, our experience shows that an Inheritance Tax review would be of real value to you. Assets include everything from property, business interests and investments to savings and pensions. This is why it is important to make appropriate plans.
Individuals that fall in any of the following categories should reach out to us for a review:
- Individuals with pension savings
- Individuals that own a business or a share in a businesses
- Individuals or families that have interests in UK or offshore trusts
To create your personalised report, we’ll need:
- A list of your assets and the estimated value of each asset
- A copy of your Will
- Family details, i.e. marital status, whether you have children
- Whether you expect your wealth to increase in future via an inheritance from other family members
- Capital Gains tax
- Inheritance tax
- Income tax
- Self Assessment tax return
- Property tax
- Tax compliance
- Family business advisory
- Asset structuring
- Trusts and estates
- Non-domiciliary tax issues
- Tax investigations
- International tax
- HMRC enquiries
“At Gravita, we advise on how to strategically organise your wealth and ensure your legacy continues for many years. Your financial situation is one-of-a-kind and we treat you individually to help protect, maintain and enhance what you have.”
– Gary Jackson, Partner
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