Inheritance Tax. Are You Passing on as Much as You Think?

You’ve worked hard to build your wealth.

But.

Without careful planning, a significant portion of it could end up with the taxman instead of your family. At Culverhouse & Co., we help you understand your exposure to Inheritance Tax (IHT) and, crucially, what can be done to reduce it.

Understanding the Inheritance Tax Landscape

Inheritance tax is payable when assets are transferred, usually on death. Each individual currently benefits from a nil-rate band of £325,000, below which no IHT is due. In the past, this meant relatively few estates were affected.

Today, that’s no longer the case.

Rising property values, alongside assets such as ISAs, death-in-service benefits, overseas property, and even valuable personal items like cars or artwork, have pushed many more estates over the threshold - often without people realising it...

The Cost of Doing Nothing

Once the nil-rate band is exceeded, inheritance tax is charged at 40%. This can quickly result in a substantial tax bill.

To make matters more challenging, IHT is payable just six months after the end of the month of death, often before assets such as property can be sold or funds easily accessed.

Without forward planning, this can place unnecessary pressure on your loved ones at a difficult time.

Proactive Planning Makes the Difference

Even if your estate has grown unexpectedly, it’s not too late to act.There remain a number of valuable exemptions and allowances that can significantly reduce your inheritance tax exposure.

At Culverhouse & Co., we help you:

• Identify which assets may be subject to IHT

• Understand available exemptions and allowances

• Structure your affairs to maximise what you pass on to your heirs

• Take a proactive, forward-looking approach to estate and tax planning

Our aim is simple: to help you preserve as much of your wealth as possible for the people who matter most.

Clear Advice, Focused on Your Goals

We take the time to understand your personal circumstances, your family, and your long-term intentions. This allows us to provide clear and practical guidance designed to give you confidence about the future.

Please note: The Financial Conduct Authority does not regulate estate planning.