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Home / Areas / Devon IHT Planning Adviser / Exeter Inheritance Tax Planning Advice

Exeter Inheritance Tax Planning Advice

IHT Solutions are Devon’s Inheritance Tax Planning Advisor for Exeter

 
IHT Solutions is your best specialist IHT Company offering a friendly approach to inheritance tax services across Exeter. We have the expertise to help clients navigate the complexities of inheritance tax, enabling them to make the most of their assets. If you’re confused about inheritance tax, or you’d like to learn more about getting your affairs in order, our specialist service is here to help.

Providing professional, precise advice to the entirety of Exeter on everything from Flexible Reversionary Trusts, Discounted Gift Trusts, Loan Trusts, Whole of Life, Business Relief Investments and Gifting.

Inheritance tax planning can help you to enjoy peace of mind that your future is secure and that your children and any other beneficiaries won’t be faced with a minefield when you pass. Our advisors have the best knowledge and experience to identify effective solutions and make savings.

Inheritance Tax Calculation Forecast*

Get your affairs in order and use our online IHT calculator. The calculator applies to the 2024/25 tax year only.

*Inheritance Tax/Estate Planning and Trusts are not regulated by the Financial Conduct Authority.

Our friendly team are ready to take your call. Get in touch today.
Learn Moreor contact us

IHT Planning is best dealt with holistically, taking into account all of your finances and goals

We have many years of experience in advising clients across the country who wish to protect their estate, and we provide a tailored service for each individual. Our company is well qualified to answer questions and enable you to organise your assets.

Based in Devon

Verified client
They gave me their time to help choose the best options for me going forward and to help plan for down the line. I know I'm in good hands.

Based in London

Verified client
He has taken over from previous adviser and has provided an excellent service so far to try to ensure our long term financial goals can be met.

Based in Cumbria

Verified client
Ripley Wales Financial Planning have looked after our finances now for over ten years and we feel more than qualified, on that basis, to unreservedly recommend their services.

Based in Cambridgeshire

Verified client
They have managed my pension and income drawdown, keeping in touch regularly about decisions to be made, and making useful strategic suggestions.

Based in East Sussex

Verified client
They did a great assessment on risk and a gained a detailed understanding of my goals and set a course accordingly.

Based in London

Verified client
Managed all my affairs extremely well. Have also shown great patience and understanding in areas that I did not previously understand.

Based in Cornwall

Verified client
They showed me what was possible, what I needed to do to achieve this and a likely outcome. But also pointed out the possible high's and the low's.

Based in Devon

Verified client
They were very knowledgeable and professional without any awkwardness, I immediately felt relaxed and confident that they could assist me.

Based in London

Verified client
Consolidated my husband my pensions into a joint pension. Reviewed and advised on finances in future retirement.

Based in Hertfordshire

Verified client
Ripley Wales Financial Planning advised me on the best ways to protect my pension fund and how to plan for my desired future.

Based in Buckinghamshire

Verified client
They keep a keen interest in the performance of the investments within the pension and advise me when they think we should change anything.

Based in London

Verified client
Superb advice and support, giving us complete confidence that our financial planning is taken care of.

Based in Cornwall

Verified client
By looking at our personal situation and finances they started investing for us, by assessing our comfort levels for 'risk' and tailoring our investments.
Business Property Relief invests in assets that are high risk and can be difficult to sell such as shares in unlisted companies. The value of the investment and the income from it can fall as well as rise and investors may not get back what they originally invested, even taking into account the tax benefits.

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Our business is well qualified to answer questions and enable you to organise your assets.
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Providing professional, precise advice for our clients and their future

There are numerous ways to mitigate Inheritance Tax Planning (IHT), but we find that the majority of cases utilise a combination of the following:

Inheritance tax planning traffic light comparison

AccessSpeedSimpleControlCost
Gifting
Whole of Life
Loan Trust
Discounted Gift Trust
Flexible Reversionary Trust
Business Property Relief
How each of the solutions fare in relation to these issues is indicated above using a traffic light system; green being the most favourable.

Please note: this graphic is subjective to change, not every expert will agree on the distribution of colours. There is much more to know before you act and that you should always seek financial advice first.

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What is the inheritance tax threshold in the UK?
The inheritance tax threshold, also known as the "nil-rate band," is currently £325,000. This means estates valued below this amount do not pay inheritance tax. However, larger estates are subject to a 40% tax on the amount above the threshold.
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When is inheritance tax due?
Inheritance tax must usually be paid within six months of the person's death. After this period, interest may be charged on any outstanding amount. Executors are responsible for arranging the payment, which is often done using funds from the estate.
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How can I reduce my inheritance tax liability?
You can reduce inheritance tax through methods such as gifting assets during your lifetime, placing assets in trusts, or using available reliefs and allowances like the residence nil-rate band or business relief. Professional advice is recommended for planning.
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What gifts are exempt from inheritance tax?
Certain gifts are exempt, including small gifts of up to £250 per person, annual gifts up to £3,000, and wedding or civil partnership gifts. Donations to charities are also exempt from inheritance tax.
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Do spouses or civil partners have to pay inheritance tax?
No, transfers between spouses or civil partners are usually exempt from inheritance tax. In addition, any unused portion of their inheritance tax threshold can be transferred to the surviving spouse or partner.

Expert Inheritance Tax Adviser for Exeter

As Exeter experts in assisting clients to mitigate inheritance tax legally and without touching the grey areas of tax avoidance and evasion.

We have been offering this service for many years and we are more than experienced to help you in your decision-making process.

Inheritance Tax itself sounds daunting, however, we are here to ease the process for you.
 

The benefits of our service

We often have clients come to us with a desire to eliminate issues for their children at the same time as protecting their own financial future. Often, there’s a dilemma between leaving your children as much as possible and leaving yourself with enough to get by comfortably.

Inheritance tax planning can help you to enjoy peace of mind that your future is secure and that your children and any other beneficiaries won’t be faced with a minefield when you pass. Our advisors have the best knowledge and experience to identify effective solutions and make savings.

Start planning today
Our company has the expertise to help clients navigate the complexities of inheritance tax, enabling them to make the most of their assets. If you’re confused about inheritance tax, or you’d like to learn more about getting your affairs in order, our specialist service is here to help.

Inheritance Tax Calculation Forecast*

Get your affairs in order and use our online IHT calculator. The calculator applies to the 2024/25 tax year only.

*Inheritance Tax/Estate Planning and Trusts are not regulated by the Financial Conduct Authority.

Contact Us

If you have any questions or queries call us on: 0800 093 4115

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0800 093 4115
Contact Us
0800 093 4115