Inheritance tax (IHT) can significantly affect the value of what you leave behind. With careful planning, you can reduce the tax burden and maximise what passes to your family and beneficiaries. At Forrester Boyd, we help you plan ahead with clarity, confidence, and control.
Our experienced team works closely with individuals, families, and business owners to create bespoke inheritance tax strategies that suit your circumstances.
We’ll help you make informed decisions, ensuring your estate is structured efficiently and your wishes are respected.
We assess your current estate position, identifying potential tax exposures and opportunities for improvement, helping you make confident, informed choices.
We’ll help you use available exemptions, reliefs, and gifting strategies to minimise your IHT bill and pass on more of your wealth to your loved ones.
If you own a business or agricultural property, we’ll guide you through the complex reliefs available, ensuring you maximise benefits while maintaining compliance.
Inheritance tax rules are complex and ever-changing, but with our expertise, you can plan effectively and confidently.
We take the time to understand your goals and tailor a solution that reflects your personal and family priorities.
We also work closely with solicitors, financial planners, and trustees to ensure your wider estate plan is cohesive and comprehensive.
Inheritance tax planning isn’t only about saving tax, it’s about peace of mind.
It’s ensuring your loved ones are cared for, your values are respected, and your wealth is transferred smoothly and efficiently.
Our proactive approach combines expert advice with personal understanding, helping you achieve your long-term goals with confidence.
We’ve included some of the common questions clients ask us about inheritance tax, but we’re always happy to discuss your own circumstances.
Inheritance Tax is a tax on the value of a person’s estate when they die, including property, savings, investments and other assets. It is usually payable if the estate exceeds the available tax-free allowances. The tax is normally settled by the estate before assets are passed on to beneficiaries.
Everyone has a nil rate band which allows a certain value of assets to be passed on free of Inheritance Tax. An additional residence nil rate band may apply when a main home is left to direct descendants. These allowances can often be transferred between spouses or civil partners, increasing the amount that can be passed on without tax.
Yes. Careful planning can significantly reduce potential Inheritance Tax liabilities. This may include making use of gifting allowances, planning charitable donations, reviewing ownership of assets, and considering business or agricultural reliefs where available. Taking advice early helps ensure any strategy fits your personal and family circumstances.
Inheritance Tax rules are complex and change over time. Professional advice helps you understand your exposure, identify suitable reliefs, and put a clear plan in place. Regular reviews ensure your arrangements remain effective as your circumstances and legislation evolve.
