4 Retirement Planning
  Advice and Services
3 Investments
2 Estate Planning
  How we can help
1 Protection
  How we can help
  Advice and Services


What is Inheritance Tax?

Inheritance Tax is based on the value of your home and its contents, your investments, and any other assets that you own in your name or jointly with
others when you die. Assets passing to your spouse or to charity will be excluded. Qualifying business and agricultural property can also attract relief of up to 100%.
Certain gifts that you may have made in the last seven years may be taken into
account. Debts outstanding at the time of death will normally be deductible in
determining the value of your taxable estate.

Inheritance Tax Planning & Advice

Without Inheritance Tax planning, many people can end up leaving a substantial tax liability on their death so that bequests can have a much lower value than
anticipated. In some cases, the tax burden left on beneficiaries, particularly in
respect of property, can result in the beneficiaries having to sell rather than retain
the asset in order to meet the inheritance tax liability. Although transfers between husband and wife are tax free, such transfers really only postpone the tax liability because tax may be payable on the estate of the surviving spouse.

Inheritance Tax is currently charged at 40% on the value of estates above
£325,000 (tax year 2017/18). This figure can easily be reached when taking into
account the value of property, life policies and savings. It is also worth bearing in
mind that the value of some assets, particularly property, may have increased
significantly since they were purchased.

How we can help
We work closely with our in-house tax specialist and Chartered Accountant David Richardson FCA CTA when giving estate planning advice.

Effective planning is designed to protect your estate and MJR Wealth Management specialises in providing solutions to minimise your Inheritance Tax Liability. Our work
here includes:

  • An assessment of your current and potential future tax liability.
  • Researching and identifying possible tax mitigation solutions for you.
  • Recommending and implementing a suitable strategy for future tax mitigation.
  • Periodic reviews of your circumstances

The Financial Conduct Authority does not regulate taxation and trust advice.

MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is authorised and regulated by the Financial Conduct Authority, No 554459. Click to view the Financial Services Register. Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074.  A list of members’ names is available at the business address Mark J Rees LLP, Granville Hall, Granville Road, Leicester LE1 7RU. Tel : 0116 2549018,
Email : info@mjrwm.co.uk
VAT Registration No. 114 4308 10