Inheritance Tax
Expert Inheritance Tax Planning – Protect Your Legacy, Preserve Your Wealth
Protect Your Legacy with Inheritance Tax Planning
Understanding Inheritance Tax (IHT)
Inheritance Tax (IHT) is a tax on the value of your estate including property, money, and possessions when you pass away. With a standard rate of 40% on estates valued above the £325,000 threshold, IHT can significantly reduce what you leave behind if not planned for in advance.
Why Planning Early Matters
Proactive IHT planning helps you reduce potential liabilities, protect your legacy, and ensure more of your wealth passes to your loved ones, not to HMRC.
Expert Inheritance Tax & Estate Planning
At Global Forum Consulting, we guide you through key questions such as:
How much can I pass on tax-free?
Should I consider setting up a trust?
How can I reduce a large IHT bill?
Our specialists provide personalised inheritance tax planning to minimise your exposure and maximise what you preserve for future generations. We help you structure your assets, make use of exemptions and reliefs, and build a clear, compliant strategy—whether you’re just starting to plan or managing a more complex estate.
What’s Included?
IHT Liability Calculation
Assessing your estate to determine potential IHT exposure based on current thresholds and applicable reliefs.
Exemption Identification and Strategic Gifting
We identify exemptions like the annual gift allowance, charitable donations, and residence nil-rate band to reduce your taxable estate. We also advise on lifetime gifting, potentially exempt transfers, and Business Property Relief (BPR) to minimise estate value.
Life Insurance Strategies
Guiding the use of life insurance policies, particularly those held in trust, to provide liquidity for IHT liabilities.
Coordination with Legal Advisors
Collaborating with solicitors on wills and trusts to ensure alignment with tax planning strategies.
Probate Support and HMRC Reporting
Assisting with the probate process, including gathering information, preparing tax forms, and applying for the Grant of Probate.
Asset and Gift Review
Evaluating assets, debts, and recent gifts to identify tax implications and opportunities for tax-efficient planning.
Trust Planning
Reviewing and advising on the use of trusts to manage asset distribution and potentially reduce IHT liabilities.
Estate Structuring for Tax Efficiency
Advising on structuring your estate to maximise tax reliefs and minimise IHT exposure.
Estate Administration
Providing support in closing accounts, transferring assets, paying debts, and finalising tax matters.
Estate Accounts Preparation
Assisting in producing comprehensive estate accounts for transparency and compliance.
How Our Inheritance Tax & Estate Planning Service Works?
Your Inheritance Tax & Estate Planning Journey in 4 Simple Steps!
01.
Initial Consultation & Estate Review
We begin by understanding your assets, goals, and family circumstances to identify potential IHT exposure and create your personalised strategy.
02.
Personalised Tax Planning Strategy
We design bespoke solutions using appropriate reliefs, trusts, and gifting strategies to minimise your inheritance tax liability.
03.
Implementation & Legal Coordination
We create wills, trusts, and asset transfers, ensuring legal compliance and tax efficiency while collaborating with you.
04.
Ongoing Support & Optimisation
We provide continuous support with regular plan reviews, adapting to life changes and new tax legislation to keep your strategy current.
Other Services
VAT Returns
Expert VAT Accountants — VAT returns are filed accurately and on time, maximising compliance and avoiding penalties
Self Assessment Tax Returns
Stress Less, File Smart – Let Us Handle Your Self-Assessment Tax Return
Property Accountants for Landlords
Expert Landlord Accountants for Residential, Commercial, & Holiday Lets
Other Value Services
Your All-in-One Financial Partner — Business Solutions for Startups etc.
Crypto Tax Accountants
Crypto Accounting Made Easy – Expert crypto tax solutions for individuals and businesses
Company Secretarial
Full Company Secretarial Services — Simplify governance, focus on growth, and maximise compliance
Capital Gains Tax
Capital Gains Tax Experts — Minimise Your CGT Liabilities with Professional Guidance
Book-Keeping
Expert Bookkeeping Services for Businesses of All Sizes – Keep Your Books Balanced and Your Time Free!
Why Choose Global Forum Consulting?
Expert IHT Advisors
Specialists in both tax and estate planning for well-rounded support.
Trusted by Clients
Many rely on us as long-term advisors and chosen executors.
Tax Efficiency
Optimise your estate to reduce IHT through strategic planning and targeted reliefs.
Personalised Advice
We create strategies to reduce IHT based on your unique financial situation.
Proactive Approach
Proactive planning that adapts to life changes and evolving tax legislation.
End-to-End Guidance
Guidance from early planning through to probate.