We can advise you in normal times in relation to inheritance tax which can impact, both upon death and lifetime giving. 

However, these are hardly normal times!  The world economy and in particular the banking crisis that has hit this country means that there is a record breaking deficit.

While government has already announced wide ranging cuts in public spending, changes by way of higher taxation can be expected and whether those changes will be restricted to just income tax or whether they will affect capital gains tax and inheritance tax remains to be seen.  At the moment capital gains tax levels upon sale of owner controlled businesses is still very low.  There is a new incentive to leave sums of money to charity on death which can reduce the inheritance tax bill.

Watch this space!