Inheritance tax
You may be shocked to find out that if you do no planning, have over £2m of assets and have three children, the biggest single beneficiary of your estate will be HMRC.
At Bayliss Clarke we view inheritance tax as a voluntary tax and work closely with our clients at reducing the effects of this. In the words of Lord Jenkins “Inheritance tax is, broadly speaking, a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue”.
The conundrum for most people is gifting monies they may still require an income from or access to the capital in the future.
We can help our clients reduce inheritance tax whilst still maintaining income, capital and control of who eventually benefits. For further information please contact us.
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