Where there's a will ..

clock

With the price of average London property now exceeding the current nil-rate band, the need for inheritance tax (IHT) planning has never been greater. Gerry Warner considers some effective ways of mitigating the potential tax charge

There are now many homeowners who are cash-poor and asset-rich as a result of rising house prices - even if the one and only asset is the family home. Those who plan to leave the family home to their children or grandchildren simply don't realise they or their beneficiaries could face a very real problem. "It might be a long way off", "it's too complicated" and "it can't really affect me can it? All I have is my house!" could all be typical responses from the average homeowner. This last reason is likely to have a major impact on the thinking of the ordinary homeowner, who may subsequentl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Five top tips for making the most of the opportunity in estate planning

Five top tips for making the most of the opportunity in estate planning

'The overarching advice we give to advisers is simple: engage at a human level'

Nick Bird
clock 19 November 2025 • 4 min read
The risks of advisers not addressing estate planning with clients

The risks of advisers not addressing estate planning with clients

'Clients are increasingly expecting holistic advice'

Jennifer Peaty
clock 30 October 2025 • 5 min read
Intergenerational wealth transfer: DIY estate planning 'no longer an option'

Intergenerational wealth transfer: DIY estate planning 'no longer an option'

Complexity is part and parcel of tax reliefs and exemptions

Jenna Brown
clock 22 April 2025 • 2 min read