Inheritance Tax and gifting guide

If your estate could be liable for Inheritance Tax (IHT), gifting is one solution for passing on wealth while reducing the bill that could be appropriate for you. Our latest guide explains the basics of IHT and what you need to consider if you want to make gifting part of your long-term financial plan.

The guide covers:

  • What Inheritance Tax is and when it has to be paid
  • What Potentially Exempt Transfers (PET) are and how they affect IHT
  • Gifting allowances that allow you to pass on wealth or assets to loved ones free from IHT
  • How a charitable legacy can reduce an IHT bill
  • Reliefs that allow you to gift certain assets free from IHT

Click here to download your copy of our Inheritance Tax and gifting guide.

IHT can significantly reduce what you leave behind for loved ones, but there are often things you can do to reduce the bill. If you’re worried about IHT, please contact us. We’ll help you put a plan in place that considers your legacy, including gifting where appropriate.

Please note: The Financial Conduct Authority does not regulate estate or tax planning.

Jonathan

About the Author

Jon is a highly qualified and experienced Chartered Financial Planner and Certified Financial Planner with over 27 years’ experience. He loves working with clients who are passionate about getting the most out of life and feels his job is to support them living life to the fullest. Read more from Jonathan...
This article is distributed for educational purposes and should not be considered investment advice or an offer of any product for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Past performance is not indicative of future results and no representation is made that the stated results will be replicated.

Comments are closed.

You have a rare skill in getting across complex issues and ideas in an unpatronising manner, making things clear and understandable to the lay person. Something I have always longed for. L.W. (Bath)

Expert Opinion…

The dilemma of trying to do the right thing

Jonathan, March 31st, 2021

Students have always been at the centre of activism around the important issues of the time, from the ‘Mai 68’ student riots in Paris, via the pressure put on Barclays and others to divest from apartheid-riven South Africa in the 1980s, to today’s Black Lives Matter movement and the existential threat of […]

Read More
2021 Publications & Events calendar

Dominic, March 26th, 2021

When we see elite athletes and teams of all disciplines achieving their goals, whether that is winning Olympic Gold, a world championship, the Premier League, the Six Nations and so forth, we’re often watching the culmination of many years of dedication, sacrifice and training. We very rarely get a glimpse behind the […]

Read More
7 simple and low-cost ways to beat insomnia

Jonathan, March 25th, 2021

The right amount of good quality sleep is crucial for your physical and mental wellbeing. Read 7 tips for beating insomnia and improving your health

Read More
T: 01993 772467      E: advice@expertwealth.co.uk

Expert Wealth Management, West Wing, The Old Dairy, High Cogges Farm, Witney, Oxfordshire, OX29 6UN


Your Protection: In the unlikely event of your ever having a complaint which we have not been able to resolve amicably, you have recourse to the Financial Ombudsman Service (FOS). This is an independent body which will investigate complaints at no cost to you.  The FOS website is www.financial-ombudsman.org.uk.