Expert Inheritance Tax Services

At SMG, we help reduce inheritance tax liabilities and protect your wealth with tailored solutions for your future.

Inheritance Tax Services to Secure Your Legacy

Our inheritance tax services help you reduce tax, protect assets, and plan your estate clearly.

Inheritance tax can be complex. Our inheritance tax specialists provide straightforward advice and practical solutions. We create plans that fit your situation and ensure your wealth passes on as you intend. Our expert inheritance tax accountants and advisers offer straightforward advice and personalised solutions.

There is ongoing speculation about inheritance tax reforms in future Budgets. While nothing is confirmed, reviewing your position now helps you stay prepared if rules change.

Why Choose David Howard for Your Inheritance Tax Planning:

  • Direct access to experts. Speak to Partners and Managers who understand your goals. No delays, no gatekeepers.

  • Up-to-date tax knowledge. We keep on top of the latest legislation, including the 2025 inheritance tax threshold changes.

  • Collaborative approach. We coordinate with your solicitors, financial advisors, and other professionals to deliver seamless advice.

  • Tailored inheritance tax planning. Every estate is different. We design strategies based on your personal assets and family situation.

  • Comprehensive coverage. From lifetime gifting and trusts to business reliefs and life assurance, we cover all inheritance tax reliefs to maximise savings.

  • Proactive communication. Receive regular updates and explanations so you’re never in the dark.

What Is Inheritance Tax and When Does It Apply

Inheritance tax (IHT) is a tax on property, money, and possessions left when someone dies. Estates under £325,000 are not taxed. Above that, the estate pays 40% on the excess.

2025 Threshold Updates

  • The standard nil-rate band remains £325,000.
  • Residence nil-rate band rises from £175,000 to £250,000 for main homes passed to direct descendants.
Temporary rules have changed; staying informed is essential.

Our Full Services Accountancy Offering

Accountancy

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Bookkeeping

Cost effective outsourced bookkeeping services including vat returns

Business Advisory

Experience advisors to help you with all aspects of business planning.
 

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Professional, secure, cost-effective payroll services and advice with online portal.
 

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Registered auditors adding value to your business with audit services.
 

Company secretarial

Our company secretarial services handle filings, records and compliance.
 

Reporting Capital Gains Tax

Reporting Capital Gains Tax is a crucial part of managing your liabilities.

Since April 2020, UK residential property sales must be reported within 60 days. Accurate reporting requires understanding allowable costs, losses, reliefs, and reinvestment options.

Changes to Principal Private Residence Relief and Lettings Relief make expert advice especially valuable for second homes. Early planning and timely reporting help ensure transactions are structured to minimise unnecessary tax.

Get In Touch with Us Anytime!

Please contact us now to arrange a free 1 hour meeting to see how we can help you.

+44 (7880) 865-106

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