Keeping pace with the changing wealth tax landscape

Inheritance Tax (IHT) is a tax on the estate of someone who has died.

It is charged at 40% on the value above the nil-rate band (currently £325,000).

With appropriate planning, some families may be able to reduce their inheritance tax exposure, depending on their circumstances.

Since April 2026, Business Property Relief (BPR) and Agricultural Property Relief (APR) have been capped at a combined £2.5 million per person.

Relief above this amount reduces by 50%, producing an effective IHT rate of 20% on the excess.

For many business owners and farming families, this creates a new liability where none previously existed.

Under current proposals, from April 2027, unused defined contribution pension funds will form part of the deceased's estate for IHT purposes.

This removes one of the most valuable features of pension planning for wealth transfer and affects the optimal strategy for which assets to spend in retirement and which to preserve.

You get a clear figure for your estimated IHT exposure, a summary of which assets qualify for relief and which do not, and practical next steps ranked by impact.

The review gives you a clearer estimate of your current inheritance tax exposure.

The initial review takes around 30-60 minutes.

Some straightforward plans can be implemented within 2–4 weeks. More complex arrangements involving trusts or business restructuring may take 2–3 months.

The key is to start while you still have the widest range of options.

No. While we are based in Northampton, we work with clients across the UK.

Consultations can be conducted in person or via video call.