Using Allowances and Reliefs

This is the development of a strategic approach to ‘managing the estate’ by clearly identifying what is required by the wealth holder during their lifetime (with adequate contingency) and then using the many allowances, exemptions and reliefs so that over time the value of the estate is capped (or even reduced!) and thus controlling the residual value.

Our extensive experience means there are known approaches available which are often overlooked when devising a strategic approach to Estate Planning. By using the available allowances and reliefs under HMRC’s Inheritance Tax rules regularly, and in a planned and disciplined way, significant amounts of wealth can be passed entirely tax free, over time, to the next generations.