Estate planning

Inheritance tax can be largely reduced or eliminated by proper planning.
The main residence and spouse exemption has been a welcome development in recent years.


Other measures include:

  • Annual £3,000 exemption and use of previous year’s unused allowance

  • Gifts on marriage 

  • Gifts made from Normal expenditure.

  • Business Property relief

  • Agriculture Property relief.

  • Wills can be deployed and when appropriate within 2 years of death variation of wills can be used.

  • Trusts

  • Trusts can be a useful tool for blood line planning though they can be expensive and may be advisable to consider the use of Family investment companies as an alternative.