Addressing Inheritance Tax

Inheritance Tax (IHT) is a tax payable on your estate, which includes your properties, savings, investments, and other assets. While this is only payable above certain amounts, known as the inheritance tax threshold, more and more families are being hit with an IHT bill after a loved one has passed away.

Many people work hard to build up a legacy to pass on to their children and grandchildren, and IHT can have a big impact on this. Understanding what inheritance tax is and how inheritance tax works is crucial in planning effectively for the future. At BRI Wealth Management, we are experienced in helping our clients navigate the complexities of inheritance tax, including inheritance tax on property and taxable inheritance, allowing them to pass on as much of their legacy as possible to their loved ones.

With potential changes and inheritance tax cuts frequently discussed, staying informed about the current IHT threshold and when you have to pay inheritance tax is essential. We provide expert guidance on strategies for reducing inheritance tax through estate planning, which can include methods to minimise inheritance tax.

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BRI Wealth Management is Here to Help

For any questions such as when do you pay inheritance tax, who pays inheritance tax, and the impact of capital gains tax on inherited property, our team is here to help. We strive to make the process as smooth as possible.

To find out more about how to manage inheritance tax through effective financial planning, and ensure you are prepared, please contact us. One of our financial advisers will arrange a meeting to discuss your specific situation. Our first meeting is free of charge and without obligation.

Further reading

10 Life Milestones that Financial Advice could help you Navigate