Inheritance tax is charged on property and assets held by an individual at the time of their death and can also apply to certain lifetime gifts.

Thus many people pay large amounts of inheritance tax unnecessarily. With a tax rate of 40%, potentially almost half of the estate could be lost to the taxman.

Seeking advice prior to transferring personal assets could save considerable amounts of tax. Assets can be organised to ensure ongoing protection for your wealth, ensuring your dependents, not the taxman, benefit from your lifetime’s work.