IHT: All the options for reducing clients' taxable estates

'Clients can make gifts to trusts to reduce the taxable estate'

clock • 5 min read

Advice in IHT mitigation is vital and could distinguish an advice firm's service from the competition by creating added value to clients in a changeable market, writes Julia Peake

With the receipts for inheritance tax (IHT) on the rise and impending changes to assets which will be included in the estate for IHT, advice on estate planning has never been more important. Clients could simply spend and enjoy some treats, such as a nice holiday and experiences, but if they buy assets such as cars, boats, houses, then they could be subject to IHT on death. Clients have options when it comes to reducing their taxable estate, they could gift it away, using some or all of the exempt gifts available to them. For more information on this please see Andrew Tully's article:...

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 Tax planning

Tony Müdd: The chancellor has fewer choices than you think

Tony Müdd: The chancellor has fewer choices than you think

'Do not sell an asset simply because newspapers have rediscovered CGT'

Tony Müdd
clock 03 September 2026 • 5 min read
Warnings of tight timetable as HMRC sets out pension IHT process

Warnings of tight timetable as HMRC sets out pension IHT process

‘A very short timescale for such a significant change’

Isabel Baxter
clock 01 September 2026 • 4 min read
News editor's view: The IHT effect

News editor's view: The IHT effect

The news editor's Friday Night Takeaway from 28 August

Isabel Baxter
clock 28 August 2026 • 3 min read