Inheritance Tax 

Keeping your hard-earned wealth safe from unnecessary tax is down to preparation and planning. By taking action now, your family and their future generations can benefit for years to come. HMRC can take up to 40% of the overall value of your estate when you die; therefore, Monetta encourage everyone to keep potential Inheritance Tax (IHT) liabilities under review.

What is Inheritance Tax Planning?

IHT is often referred to as the "avoidable tax," and with careful planning, it can be. At Monetta, we advise all our clients about the various reliefs and exemptions that are available, but our best advice to keep liabilities to a minimum is to plan for the long term. 

Many people are now affected by IHT and this is largely because of property values. A number of strategies can be used to reduce the IHT bill including:

  • Tax-efficient wills;
  • Use of exemptions for business assets;
  • Lifetime gifts;
  • Transfer of assets;
  • Putting assets into a trust; and
  • Taking out life insurance.

Monetta will advise you accordingly based on your situation.

Here is how we can help

Our expert inheritance tax accountants can provide advice on how to manage your estate so you and your family are protected from unnecessary taxation. At Monetta, we pride ourselves on making complex tax and accountancy processes easier to understand and manage. Our accountants will work with you to fully understand and advise you on your situation. 

Our accountants will be able to support you by helping you to form your strategy. You can rest assured that our experts will handle the intricacies on your behalf.

For more information on how Monetta can help, fill out our enquiry form and we will get back to you.

Executor Services & Estate Tax

As an Executor, it is your responsibility to distribute the assets of the deceased whilst reporting any taxes due to HMRC. Estate Tax Returns are not simple, and as a result, many find the process daunting. Monetta’s expert accountants can guide you through the process, explaining the difficult parts and answering any questions you may have along the way.

Why Choose Monetta for your Inheritance Tax Planning?

Monetta have been operating for over 40 years, assisting clients with their inheritance tax planning and estate tax manners. We understand that each client has unique needs, so we take care to get to know your case and you as a client. 

We offer a flexible service and are available whenever you need us. If for any reason we do not pick up when you call, we will make sure to ring you back as soon as possible. 

Contact Us

To find out how we can help with your Inheritance Tax Planning needs, speak to our team today to see how we can help.

Fill in our online enquiry form to request a call back at a time that is convenient for you. Or visit our team page to find out more about our expert advisers and what they can do for you and your business.

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