Planning around Inheritance Tax (IHT) is an emotive subject and is best done by understanding where you are now.
At Heslops Chartered Accountants we believe in starting with a full assessment of your current income and assets. We then look to build a long term relationship with you.
Planning is all about anticipating, forecasting and mitigating liabilities.
Understanding your IHT position involves:
- Knowing your income requirements.
- Looking at your capital wealth.
- Considering interactions with other taxes.
- Balancing the needs of the family generations.