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Inheritance tax is usually classified as a "voluntary tax" payable to the government of the day out of our estate on death.
This tax is paid in excess of all other taxes already paid whilst accumulating our estate during our lifetime.
Several legal means can be employed to either mitigate or remove this tax burden from our estate upon death, to ensure our nominated beneficiaries can have easy access to the full inheritance we have provided.
As a starting point we would always recommend you commence planning for inheritance tax by working with us whilst calculating the current liability to your estate.
Once this current liability has been established we can recommend you the most appropriate strategy to meet with your personal circumstances.
During this process we can additionally refer you to specialist legal firms of solicitors who can also provide you with invaluable and knowledgeable legal guidance.
Tax mitigation is not tax avoidance, and perfectly legal means should be employed to ensure an equitable outcome. |