Inheritance Tax Planning

Inheritance Tax Specialist Services

Like all tax planning, inheritance tax planning is much more complex than many people appreciate. Solicitors deal with the legal aspects, Accountants with the tax aspects and Financial Planners with plans that help avoid inheritance tax.

At Bluebond Tax Planning, we will provide you with integrated solutions to all the legal, tax and financial planning elements in one comprehensive IHT plan.

Our wide inheritance tax knowledge means you only have to deal with us to understand the strategies involved in solving your IHT problems and then use specialist firms of lawyers and tax consultants to implement those strategies.

Understanding Inheritance Tax

The problems with simple inheritance tax advice.

(13:54 minutes)

How the 7 Year inheritance tax Rule Works?

(10:39 minutes)

How to calculate your inheritance tax ?

(13:25 minutes)

How 30-40 Year Olds can make 10 Years Salary in 10 Hours?

(11:54 minutes)

The 3 only ways to avoid inheritance tax.

(15:11 minutes)

Mistakes people make in inheritance tax planning.

(12:53 minutes)

There are more videos available below the next section

We help people with over £1 million in current assets pay ZERO in UK inheritance tax

One stop comprehensive specialist advice - Tax, financial planning and legal advice service with 18 years experience.

How to do your Inheritance Tax calculations

(13:25 minutes)

The 3 most important questions to ask before you start an inheritance tax plan

(8:00 minutes)

Why our inheritance tax calculator is better than most others

(3:43 minutes)

How does the Residential Nil Rate Band Inheritance tax allowance work?

(4:15 minutes)

How is UK inheritance tax calculated?

(6:24 minutes)

How does UK inheritance tax taper relief work?

(2:22 minutes)

There are more videos available below the next section

What our clients say
Read our 118
    
reviews

"It is gratifying to finally come across an adviser who gives sensible ongoing advice which is very client focused."

Frank Hibberd

Retired gentleman

"It is nice to know that we can now be certain that our daughter will inherit our money without giving a large slice of it to the government ."

Tony & Sue Perriss

"Everyone's situation is different but having an initial discussion with Charles has really helped me personally navigate what can be a daunting subject."

Bobby Chadda

"I particularly want to thank you for the open and transparent manner in which you have serviced my tax planning needs since I first met you seven or so years ago. In arranging my tax planning through you, I have confidence"

Michael Mahon

Retired gentleman

"Charles was really helpful from the outset and quickly clarified our situation for us... I have used Bluebond for  IHT and other tax advice and they have been very helpful with both. Charles is a very experienced and knowledgeable individual and I highly recommend Bluebond's services."

Sam Attenborough

Retired gentleman

I have used Bluebond for setting up a discretionary trust for my children as well as inheritance tax and estate planning for my home and  other properties. Having searched for years, it was only after meeting and speaking with Charles that I felt confident enough to take these next steps, and I'm very glad I did. His ability to explain complex issues in simple terms and walk you through every step of the process is quite simply unparalleled.

Imran Qureshi

Excellent and comprehensive advice concerning all things financial in one place. Enthusiastic, Educational, Expert, value oriented, Professional and Polite are adjectives that come to mind as well as great attention to detail.

Deirdre Buckley

Inheritance tax is a minefield. Charles de Lastic of Bluebond Tax Planning is the best in the business at helping you to chart the path that is right for you to ensure your estate is structured in the most tax efficient manner.

Nicholas Dickinson

Charles provides clients with valuable insights that clearly demonstrate expertise built over the years. Charles and his team guided us through a estate planning journey and then addressing complex Inheritance Tax matters. They have been very transparent with their advice and cost. Overall an excellent service. Highly recommended

Shailesh Karia

What is a chargeable lifetime transfer for UK inheritance tax?

(2:52 minutes)

Is the value of my business liable for UK Inheritance tax?

(3:04 minutes)

When is inheritance tax paid and how is it paid

(3:05 minutes)

Can payment of UK Inheritance tax be deferred?

(2:16 minutes)

What is inheritance tax planning?

(2:39 minutes)

What is Inheritance Tax? How Our Inheritance Tax Advice Works

(1:50 minutes)

There are more videos available below the next section

We help people with over £1 million in current assets pay ZERO in UK inheritance tax

One stop comprehensive specialist advice - Tax, financial planning and legal advice service with 18 years experience.

What is a chargeable lifetime transfer for UK inheritance tax?

(2:52 minutes)

Is the value of my business liable for UK Inheritance tax?

(3:04 minutes)

When is inheritance tax paid and how is it paid

(3:05 minutes)

Can payment of UK Inheritance tax be deferred?

(2:16 minutes)

What is inheritance tax planning?

(2:39 minutes)

What is Inheritance Tax? How Our Inheritance Tax Advice Works

(1:50 minutes)

What our clients say
Read our 118
    
reviews

"It is gratifying to finally come across an adviser who gives sensible ongoing advice which is very client focused."

Frank Hibberd

Retired gentleman

"It is nice to know that we can now be certain that our daughter will inherit our money without giving a large slice of it to the government ."

Tony & Sue Perriss

"Everyone's situation is different but having an initial discussion with Charles has really helped me personally navigate what can be a daunting subject."

Bobby Chadda

"I particularly want to thank you for the open and transparent manner in which you have serviced my tax planning needs since I first met you seven or so years ago. In arranging my tax planning through you, I have confidence"

Michael Mahon

Retired gentleman

"Charles was really helpful from the outset and quickly clarified our situation for us... I have used Bluebond for  IHT and other tax advice and they have been very helpful with both. Charles is a very experienced and knowledgeable individual and I highly recommend Bluebond's services."

Sam Attenborough

Retired gentleman

I have used Bluebond for setting up a discretionary trust for my children as well as inheritance tax and estate planning for my home and  other properties. Having searched for years, it was only after meeting and speaking with Charles that I felt confident enough to take these next steps, and I'm very glad I did. His ability to explain complex issues in simple terms and walk you through every step of the process is quite simply unparalleled.

Imran Qureshi

Excellent and comprehensive advice concerning all things financial in one place. Enthusiastic, Educational, Expert, value oriented, Professional and Polite are adjectives that come to mind as well as great attention to detail.

Deirdre Buckley

Inheritance tax is a minefield. Charles de Lastic of Bluebond Tax Planning is the best in the business at helping you to chart the path that is right for you to ensure your estate is structured in the most tax efficient manner.

Nicholas Dickinson

Charles provides clients with valuable insights that clearly demonstrate expertise built over the years. Charles and his team guided us through a estate planning journey and then addressing complex Inheritance Tax matters. They have been very transparent with their advice and cost. Overall an excellent service. Highly recommended

Shailesh Karia

Property gifting to avoid inheritance tax

Property Gifting

A recent survey found that 70% of people had no idea about the new inheritance tax allowance for homes.

Inheritance tax gift exemptions

Inheritance Tax Gift Exemptions

There are quite a wide range of gifts that can be made to reduce your IHT liability while you are alive.

Family Investment company

Family Investment Company

If you have assets over £2 million, we may advise that you look into setting up FIC.

FAQ

What is Inheritance Tax Planning?

Inheritance Tax planning is a process used to avoid inheritance tax on your estate on your death. As a rough guide, if your assets exceed £325,000 (known as the Nil Rate Band or NRB) the excess will be taxed at 40%.If you are married or widowed, your executors can now claim two allowances thus meaning you do not have a problem if you die with assets below £650,000. Of course, it is not as simple as this. If you own a home, you will have an additional allowance called the residential nil rate band which will be £175,000 per person by 6th April 2020.

How is Inheritance Tax paid?

Inheritance Tax (IHT) is usually only payable on the second death within a married couple providing suitable Wills have been drawn up leaving the excess over the NRB to the surviving spouse.
As IHT is charged on the second death you should, of course, do some projections as to what your estate will be worth at that time as in many cases your estate value grows faster than the NRB allowances. In many cases, where property or properties in the south of the UK are the main assets, the IHT liability can almost double every 10 -12 years.

What are Inheritance Tax rules?

The rules regarding inheritance tax were changed in October 2006 and so if you have not had your existing Wills reviewed since that time is advised to do so. All new clients who proceed with our Advanced Wealth Protection Plan will have new wills included as part of the plan.
Most people fail to project forward the value of their assets over the time of their perceived lifetimes and so believe they will not have a large IHT liability. This is a serious error – Take the time to get the projections or engage us to do them for you.

Inheritance Tax and Trusts?

Trusts are usually a better route than Life Insurance as they enable you and your beneficiaries to not only avoid the inheritance tax after seven years but also help keep control of the assets in the event of divorce or bankruptcy of your children. If set up correctly, they can also help avoid care home fees.
However, before you give assets away, you need to ensure that you are financially secure for the rest of your natural life. The good news is that money placed into a trust can also continue to supply you with an income stream for life. An experienced inheritance tax and Estate Planning Adviser is essential for your peace of mind in this area.

How is Inheritance Tax Calculated?

As inheritance tax Advisers, we have a specialist inheritance Tax calculator which we use to help clients and prospective clients get a much better idea of their actual probable liability. From this point of true calculation, it’s better to determine the most suitable strategies to resolve the inheritance tax problem.

Rule of thumb if you do not have access to this software: Use this link to calculate your IHT and once you have calculated your liability ( if most of your money is in your home ) double it every 10 years to give yourself a better idea. However, you should speak with us directly for a more accurate understanding.

Is Inheritance Tax likely to affect me?

  • As a rough guide, if your assets exceed £325,000 (known as the Nil Rate Band or NRB)  the excess will be taxed at 40%. If you are married or widowed your executors can now claim two allowances thus meaning you do not have a problem if you die with assets below £650,000. Of course, it is not as simple as this. If you own a home you will have an additional allowance called the residential nil rate band which will be £175,000 per person by 6th April 2020.

  • IHT is usually only payable on the second death within a married couple providing suitable Wills have been drawn up leaving the excess over the NRB to the surviving spouse.

  • As IHT is charged on the second death, you should, of course, do some projections as to what your estate will be worth at that time as in many cases your estate value grows faster than the NRB allowances. In many cases, where property or properties in the south of the UK are the main assets, the IHT liability can almost double every 10 -12 years.

  • Most people fail to project forward the value of their assets over the time of their perceived lifetimes, and so believe they will not have a large IHT liability. This is a serious error – take the time to get the projections or call or email us and we can do them for you.

The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

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