Protect Your Legacy with Expert IHT Planning
Inheritance Tax (IHT) is often described as a "voluntary tax" because, with the right planning, it can be significantly reduced or even eliminated. However, without professional advice, your beneficiaries could lose 40% of your estate above the threshold to HMRC.
The advisors listed below specialize in wealth preservation and estate planning for Cotswolds families. They can help you navigate complex rules around gifting, trusts, Business Relief, and the Residence Nil Rate Band to ensure your wealth passes to your loved ones, not the taxman.
8 IHT Planning Advisors
Cirencester
01285 702 340
Fee-only
Directory Enquiries Only • No Advice Given
Gloucester
07387 788924
Fee-only
Directory Enquiries Only • No Advice Given
Cheltenham
0800 915 0000
Fee-only
Directory Enquiries Only • No Advice Given
Tetbury
Contact via website
Fee-based
Directory Enquiries Only • No Advice Given
Tetbury
Contact via website
Fee-based
Directory Enquiries Only • No Advice Given
Tetbury Area
0330 038 8939
Fee-based
Directory Enquiries Only • No Advice Given
Witney
01993 772467
Fee-only
Directory Enquiries Only • No Advice Given
Oxford
01865 559 200
Fee-only
Directory Enquiries Only • No Advice Given
Key IHT Planning Strategies
- Gifting: Utilize your £3,000 annual allowance and the "normal expenditure out of income" exemption.
- Trusts: Control how and when your assets are distributed (e.g., for grandchildren) while removing them from your estate after 7 years.
- Business Relief: Invest in AIM-listed shares or qualifying business assets that become IHT-free after 2 years.
- Insurance: A "Whole of Life" policy written in trust can provide a cash lump sum to pay the IHT bill, leaving your assets intact.
- Pension Wealth: Pensions are typically outside your estate for IHT purposes. Drawing down other assets first can be tax-efficient.
Find IHT Advisors in Your City
IHT Frequently Asked Questions
When should I start planning for Inheritance Tax?
The earlier, the better. Many IHT strategies, like the 7-year rule for gifts, require time to be effective. Starting in your 50s or 60s gives you the most options, but it's never too late to mitigate the impact, even in later life through insurance or Business Relief.
Can I give away my house to avoid tax?
It's complicated. If you give your house to your children but continue to live in it rent-free, it remains part of your estate for IHT (a "gift with reservation of benefit"). You must pay full market rent to the new owners to successfully remove it from your estate. Always seek advice before transferring property.
Do I need a solicitor or a financial advisor?
Often both. A financial advisor helps structure your assets and investments to minimize tax (e.g., trusts, insurance, pensions), while a solicitor drafts the necessary Wills and Trust deeds. Many of the firms listed here work closely with solicitors to provide a complete service.
Secure Your Family's Future
Connect with Cotswolds inheritance tax specialists to start your estate plan today
Disclaimer: This is a directory service. We do not provide financial or tax advice. Tax rules can change and depend on individual circumstances. Always verify FCA registration at register.fca.org.uk and consult with a qualified professional. The Financial Conduct Authority does not regulate some forms of tax planning.