Inheritance Tax Planning I Executor Services and Estate 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, Sherlock & Co 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 Sherlock & Co, 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.

Sherlock & Co 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 Sherlock & Co, 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 Sherlock & Co can help, call us on 0161 330 3067, or 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. Sherlock & Co’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 Sherlock & Co for your Inheritance Tax Planning?

Sherlock & Co 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 please 0161 330 3067 or complete an enquiry form.

Visit our team page to find out more about our expert advisers.

Contact Us

Speak to one of our experienced team

To speak to a member of our team, please call us on 0161 330 3067 or enter your details below and a member of the team will call you back.

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