Inheritance tax & estate planning

You & your family

News

Loose lips sink ships …

Loose lips sink ships …

In Spencer vs Spencer, Lincolnshire farmer Michael Spencer recently won his case against the estate of his late father, John Spencer, leading to him successfully inheriting the family farming business.  

read more

Inheritance tax and estate planning

Few of us like to think about dying, but there is comfort in the knowledge that we have made adequate provisions for the family and friends we leave behind. With careful, advance planning it is possible to pass on your wealth to your chosen beneficiaries, and minimise the inheritance tax payable by your estate.

How much inheritance tax will I pay?

Inheritance tax is payable when the value of your estate exceeds the nil rate band (£325,000 for the tax year 2024/25). If you own your own house and have some savings, life assurance policies, or business assets, it is likely your estate could be liable. Additionally, some gifts you give while you’re alive may be taxed after your death.

Minimising inheritance tax

The amount of inheritance tax payable can be reduced by making the most of available reliefs, placing assets in trust, and using lifetime gifts. Using a will and insurance policies, to grant control of how the wealth is used by your heirs can also minimise the amount of inheritance tax payable on your death.

Inheritance tax and estate planning experts

Our experts can advise on ways to reduce inheritance tax. Working with trusted solicitors and independent financial advisers (IFAs), we can advise on inheritance tax reliefs, trusts and wills, alongside consideration of your long term savings and investment strategy.

You may find our tax tips download informative.

Speak to an inheritance tax and estate planning expert

Jonathan Walton

Jonathan Walton

Director

High Wycombe

Laura Adkins

Laura Adkins

Director

Witney

Laura Herbert

Laura Herbert

Director

Bicester

Ian Parker

Director

Banbury

Change to Whitley Stimpson

Step 1

Confirm to your accountant that you wish to move to Whitley Stimpson

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Step 2

Supply Whitley Stimpson with your existing accountant’s details

Step 3

Relax. We’ll handle the rest.

News

Loose lips sink ships …

In Spencer vs Spencer, Lincolnshire farmer Michael Spencer recently won his case against the estate of his late father, John Spencer, leading to him successfully inheriting the family farming business.  

read more

Autumn Statement 2023

On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses.

read more

This firm is not authorised under the Financial Services and Markets Act 2000 but, in certain circumstances, we are able to offer a limited range of investment services because we are members of the Institute of Chartered Accountants in England & Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

Partners in your progress

Contact us for help passing on your wealth to your chosen beneficiaries, and minimising the inheritance tax payable by your estate.