There are many varied possibilities to minimise your Inheritance tax liability. The objective is a reduced inheritance tax bill or ideally no inheritance tax bill at all.
Some of the methods that we use as a way of minimising inheritance tax are:
- Maximizing Business property relief and other exemptions
- Nil Rate Band planning and Home Nil Rate Band planning using an up-to-date Will
- Deed of variation
- Discounted gift and income and other trust structures
- Lifetime gifts
- Establishing patterns of normal expenditure out of income