Inheritance Tax Planning
Our Private Client Solicitors are experts in advising on wealth, tax & inheritance issues, having helped many clients make use of the various reliefs and a raft of tried and tested methods to save money.
At Herrington Carmichael we receive many questions relating to the legal process on Equity Release or tax and inheritance – after years of property market growth, we are seeing more cases of clients who want to gain an understanding of the Inheritance Tax Reliefs and Exemptions with a little advice on income and capital gains tax.
> UK Care Guides Equity Release Calculator (external website)
Inheritance Tax Planning
Inheritance Tax has not gone away. It may be less of a problem for many families than it was a few years ago but for any single person with an estate in excess of £325,000 or a couple with more than £650,000, the tax remains an issue. With the house prices in the South-East of England, many of our clients do exceed these levels. Tax can often be a daunting subject.
Income and Capital Gains Tax (CGT)
We are recognised specialists in inheritance tax in the UK. In addition, we do have considerable knowledge of income and capital gains tax and often advise on these.
Making a Will
We are able to advise on tax planning matters as part of our Will drafting service, at other times we will give separate advice.
Inheritance tax reliefs and exemptions
Take a look at our list of Inheritance Tax Reliefs and Exemptions and brief description of the principal reliefs and exemptions from Inheritance Tax. It is not an exhaustive list and should not be relied upon without first obtaining professional advice.
Request a video call, phone call or a meeting in person with one of our inheritance tax planning experts...
Private Wealth & Inheritance Team
I am going to inherit some money…what do I do?
Charitable Trustees should seek to maximise the return on their investments; except where the investment is in explicit conflict with the Charity’s purposes.
Funeral Disputes and the rights to your body
Rights to the body and funeral disputes are not uncommon. Disputes arise over concern about the final resting place of the deceased.
What happens to digital assets when you die?
Our increasing concern about security, privacy and protecting our identities online means that people are taking more care securing their digital assets…
We are required by the Solicitors Regulation Authority to publish certain pricing information. Please contact us for an accurate fee proposal based on your particular facts and circumstances.
Award winning legal advice
Herrington Carmichael offers legal advice to UK and International businesses as well as individuals and families. Rated as a ‘Leading Firm 2023’ by the legal directory Legal 500 and listed in The Times ‘Best Law Firms 2023’. Herrington Carmichael has offices in London, Farnborough, Reading, and Ascot.
Brennan House, Farnborough Aerospace Centre Business Park, Farnborough, GU14 6XR
Reading (Appointment only)
The Abbey, Abbey Gardens, Abbey Street, Reading RG1 3BA
Ascot (Appointment only)
102, Berkshire House, 39-51 High Street, Ascot, Berkshire SL5 7HY
London (Appointment only)
60 St Martins Lane, Covent Garden, London WC2N 4JS
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Herrington Carmichael LLP is authorised and regulated by the Solicitors Regulation Authority with registration number 446245.