Estate and Inheritance Tax (IHT) Planning

Regardless of the size of your estate it is important to realise that there may be opportunities to reduce your tax liabilities.

At OGR Stock Denton, our team can provide up-to-date advice on the most straightforward and efficient way to arrange your affairs.

Our lawyers can advise on matters including.

  • Lifetime capital tax planning
  • Lifetime tax planning through the use of trusts
  • Making regular gifts out of income
  • Utilising annual allowances
  • Shared accommodation

You may also be considering living with other family members, either in a “granny flat” or within their household and either making a joint purchase or contributing capital towards a purchase. In circumstances there may be legal and tax implications that you have not considered and before going ahead it is prudent to take legal advice.

As a firm we can also advise on the rules relating to Inheritance Tax (IHT), which can be notoriously complicated and are presently under review.

When the so-called “death duties” were first introduced it had been intended that they were levied only on the largest estates, but the steady increase in house prices has meant that an increasing number of people have found themselves liable to pay the tax as the years have gone by.

At OGR Stock Denton, our lawyers are able to advise you on how the rules are likely to be applied to any given estate and the options available for reducing your liabilities. We can also offer guidance on matters including lifetime gifts, IHT reliefs and assets exempt from tax

For further guidance on Estate and Inheritance Tax (IHT) planning and how the rules relate to your own particular circumstances, please visit our contact us page.