Inheritance Tax and Lifetime Gifting

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The private client team provides specialist advice on inheritance tax and lifetime gifting, with a focus on mitigation strategies and planning.

The inheritance tax rules are complex and we will help you to understand and navigate the complexities to achieve a strategy that works for you, your family and your assets.

We provide expert advice on the availability and effective utilisation of reliefs and exemptions, and specific issues that may be unique to you, such as your domicile. We do not just spot issues, but we actively look for solutions.

Our advice is co-ordinated between our other teams and your advisors, and we will simplify the process for you. Frequently it will be closely connected to wider planning strategies, such as Wills, trusts and succession planning.

As part of the firm’s wider Tax Law team, our private client team contributes to our comprehensive tax advisory service to individuals, family businesses, partnerships, trusts and landed estates, both in the UK and abroad.

Frequently Asked Questions

Why should I instruct the private client team at Kingsley Napley for my inheritance tax and lifetime gifting needs?

We have an established track record of working for families with multi-generational wealth in multiple jurisdictions and have particular expertise in integrating the tax requirements of clients’ commercial activities into their overall planning strategies.

What does Kingsley Napley offer in this area?

Inheritance tax can be a complex subject to navigate. Our highly experienced team have a wealth of expertise and experience and will provide you with clear, sensitive and timely advice to ensure your assets are passed to future generation in the most tax efficient way possible.

What sorts of issues will Kingsley Napley advise on?

Inheritance Tax mitigation and planning, including advice on reliefs and exemptions
The treatment of all types of UK and overseas trusts, including the implications of a settlor or beneficiary moving to the UK and establishing “excluded property” trusts
Establishing new structures to hold personal and business assets, both in the UK and overseas, including trusts, partnerships and companies
Other inheritance tax planning strategies, for example through the use of life insurance trusts and pensions
All aspects of lifetime giving, including philanthropic and environmentally / socially responsible investment
Lifetime transfers / gifts to individuals, trusts and companies
Pitfalls arising from imperfect inheritance tax planning strategies and mitigation.

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