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Call: Stoke-on-Trent (01782) 639716 or 0800 072 5510 ... for a fast, professional, and friendly service and money-saving advice

Convenient Wills, 16 Thomas Avenue, Newcastle-under-Lyme, Staffordshire ST5 9AF Proprietor: Rod Jones

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Convenient Wills

• home-visit will-writing service •

• bespoke wills at ‘value for money’ prices •

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Call: 0800 072 5510 or

Stoke-on-Trent (01782) 639716

Inheritance and Capital Gains Tax
Nil rate band allowance
Discretionary trusts used to reduce IHT liability

How To Reduce Your

Inheritance Tax Liability and

Increase Your Beneficiaries’ Inheritance

There are a range of exemptions and allowances that can reduce or eradicate this tax. With careful preplanning it is possible to eradicate the potential tax liability altogether. The introduction of the Transferable Nil Rate Band allowance in 2007 made estate planning for married couples significantly easier, in most cases removing the need for the inclusion of discretionary trusts in wills.

Business and farm owners have two very valuable reliefs - Business Property Relief and Agricultural Property Relief - that are easily wasted unless care is exercised ... especially when drafting a business owners will. We explore these reliefs with you when taking your instructions.

We discuss the ways to reduce inheritance tax in our home-visit will-writing service, details of which are listed on the products specification page. We explain the interaction of ‘cause and effect’ showing how by doing one activity that say, reduces inheritance tax, you can create another (say capital gain tax liability).

If your feel you have an inheritance tax liability and do not know if your existing will could be amended to maximise the options available to you then please ask us about our ‘will-check’ service. Simply complete the form on the left.

What is Inheritance Tax?

Inheritance tax is a tax applied to the estates of deceased persons.

Presently we have in the UK a zero rate applying to the first £325,000 (Tax year 2010-11) - referred to as the Nil-Rate-Band (NRB) threshold - so you can give away that amount of value without incurring the tax.

Tax is applied on estate values in excess of the NRB at 40%