Inheritance Tax (‘IHT’) Planning

Recognised as leaders in Tax and Trusts law

Advice on IHT is essential when Estate and Succession Planning. This aspect of our Tax and Trust work is the most all encompassing we advise on and our specialist Tax and Trust team are recognised as leaders in this area.

IHT is charged on a person’s death and in some circumstances on life time gifts and trusts.

There are many established ways in which you can reduce potential liability including some more complex planning arrangements which we can help you put in place.

The Team regularly advise on all aspects of IHT and our ability to deal with compliance issues including negotiations with HM Revenue and Customs on enquiries mean we have unique insight in to the eligibility of planning options available to you.

When offering advice our specialist team consider other capital taxes including Capital Gains Tax and also look at the bigger Estate and Succession Planning picture to ensure the right plan is tailored to your specific circumstances.

We advise on:-

• IHT efficient Wills.
• IHT exemptions and reliefs and plans to maximise the use of these.
• IHT efficient gifts.
• The Set up and Administration of Trusts.
• Post Death Will Variations.
• The legal aspects of investment related IHT solutions.

For further information about IHT planning and the type of service we can offer, please read our IHT Planning fact sheet.

“Rix & Kay’s core offering involves advising high-net-worth individuals and families on tax, specialist trusts and succession planning matters. The Private Client Team, which spans the Kent and Sussex regions, collaborates with the corporate practice to act for business owners, directors and shareholders. Team leader Bruce Clarke has wide-ranging private client experience and advises on complex tax and estate planning work, creating and administering trusts, and advising on powers of attorney and mental capacity law. Clients praise Ian Best as an exceptional asset to the practice; he has specialist expertise in will drafting, probate and trust tax compliance work. Member of STEP Max Wright has extensive knowledge of capital tax planning issues, CGT, IHT, trusts and succession planning, as well as cross-border work”.

“Good coverage of specialism for a non-London firm, with some excellent experience among the team and a can do approach to new enquiries”.

Legal 500 results praise Rix & Kay

The team helped me from day one to put my mind at rest on the Inheritance Tax challenge I had received, and then they took ownership of the case to deal with all the queries and see it through to completion.

Anonymous, Client Survey, April 2024