Expert Guidance from Our Trust and Succession Tax Team
As the receipts from Inheritance Tax (IHT) increase every year, IHT has become a mainstream tax on ordinary people. With more middle-income people falling into the IHT net, the administrative burden for families and the cost of meeting their tax obligations has increased exponentially.
Navigating Inheritance Tax (IHT) obligations can be complex and time sensitive. Our dedicated Trust and Succession Tax team offers comprehensive IHT compliance services to ensure your estate planning is efficient, compliant, and tailored to your unique circumstances.
Key Services Offered
IHT Return Preparation (IHT400 & IHT205)
- Accurate and timely completion of all required Inheritance Tax forms, for individuals, personal representative and trustees, ensuring full compliance with HMRC requirements. Ensuring timely payment of IHT and maximising instalment options.
Estate Valuation Support
- Assistance with sourcing appropriate valuations of estate assets, including property, investments, business interests, and overseas holdings.
Reliefs and Exemptions
- Expert advice on maximising reliefs such as Business Property Relief (BPR) and Agricultural Property Relief (APR), as well as spousal and charitable exemptions.
HMRC Correspondence
- Management of all communications with HMRC, including responding to queries, negotiating valuations, and handling compliance checks.
Trust Reporting & Compliance
- Ensuring all trusts are correctly reported and compliant with current legislation, including preparation of supplementary schedules (e.g., IHT418), 10-year IHT charges and exit charges.
Why Choose Us?
- Decades of Combined Experience: Our team brings extensive expertise in trust and estate taxation.
- Tailored Advice: We specialise in advising high-net-worth individuals and handling complex estates.
- Transparent Fees: Clear, upfront pricing with no hidden costs.
- Proactive Communication: Regular updates and direct access to your dedicated Haysmac advisor.
Let our experts guide you through every step of the IHT process—ensuring peace of mind and optimal outcomes for you and your beneficiaries.
