What is the current inheritance tax threshold?

Inheritance tax may apply where the value of an estate exceeds the available nil-rate bands and allowances set by current legislation. Thresholds can change, and individual circumstances vary. We provide advice based on the most up-to-date framework at the time of planning.

Can gifting reduce inheritance tax?

Lifetime gifts may form part of inheritance tax planning. Certain gifts can fall outside of your estate after a qualifying period, subject to legislative conditions. Gifting strategies should always be considered carefully and in the context of your overall financial position.

What is the seven-year rule?

In broad terms, some lifetime gifts may fall outside of your estate for inheritance tax purposes if you survive for seven years after making the gift. However, the application of these rules depends on the nature of the gift and other factors. Professional advice is essential before proceeding.

Are trusts used for inheritance tax planning?

Trusts can form part of structured estate planning and may be appropriate in certain circumstances. The suitability and potential tax implications depend on the type of trust and your overall estate structure. We provide tailored advice to determine whether a trust arrangement is appropriate.

When should I start inheritance tax planning?

Inheritance tax planning is most effective when considered early, rather than reactively. A structured review allows you to understand potential exposure and explore appropriate legal options in a measured way.

Inheritance Tax Planning

Proactive planning can help structure your estate efficiently and reduce potential inheritance tax exposure. We provide clear, legally structured advice tailored to your circumstances.

Understanding IHT

Planning Ahead Matters

Inheritance Tax (IHT) may apply to estates above certain thresholds. Without careful planning, a significant portion of your estate could be subject to taxation.Early and structured planning allows families to consider appropriate legal arrangements within the current legislative framework.

Review of estate value against current IHT thresholds

Assessment of available reliefs and allowances

Consideration of lifetime gifting strategies

Structured use of trust arrangements where appropriate

Coordination with wider estate planning objectives

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Our Approach

Careful Planning. Clear Guidance.

Effective inheritance tax planning requires a structured and considered approach. We provide clear legal advice designed to align with your wider financial objectives and long-term estate plans.

Estate Review

We begin with a detailed review of your estate, assets, and family structure to understand your exposure and planning priorities.

Legal Structuring

Where appropriate, we advise on suitable legal mechanisms — including trusts and gifting strategies — within the current legislative framework.

Coordinated Planning

Inheritance tax planning often requires both legal and financial input. We work collaboratively with financial professionals to ensure alignment across your estate strategy.

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Consideration

Inheritance Tax Planning Is Not Only for Large Estates

Inheritance tax planning is often associated with high-value estates, but early review can be valuable in a wide range of circumstances.Planning ahead allows you to understand your potential exposure and consider appropriate legal arrangements in a measured and structured way.Even where no immediate action is required, clarity brings confidence.

Review your estate against current thresholds

Assess the suitability of trust arrangements

Align estate planning with your wider financial goals

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Frequently Asked Questions

Clear answers to common questions about inheritance tax planning.

Plan Ahead

Take a Structured Approach to Your Estate

Inheritance tax planning requires careful consideration of your legal and financial position. Our team provides clear, structured advice tailored to your circumstances and long-term objectives.

Understand Exposure

Considered legal planning

Coordination where appropriate

Book Appointment

Thomas Bradley Legal Ltd are not regulated by the Law Society. Depending on the specific service you have engaged us for, we may collaborate with third-party partners, including solicitor firms, financial services firms, and accountancy firms.

Thomas Bradley & Co is an Introducer Appointed Representative of Funeral Safe Limited for the purpose of credit broking introductions only. Our firm reference number is 1018991. Funeral Safe Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 765110 as a lender and broker. Registered Name: THOMAS BRADLEY LEGAL LTD. Registered in: Scotland. Company Registration Number: SC595391. Registered Address: Jacobean House Glebe Street, East Kilbride, Glasgow, Scotland, G74 4LY.