There are only two things in life which are certain, death and taxes…

… Unfortunately the two can come along together in the form of inheritance tax.

Very few people like to discuss their own death, but also most of us want to ensure that our loved ones are provided for and do not face unnecessary bills like inheritance tax.

Since most of us don’t know when we will die it is important to plan our affairs well in advance.

Early planning can make best use of the opportunities that are available to you to reduce the final inheritance tax bill. Balanced against the need to reduce your tax bill though is the need to ensure that you retain enough wealth to provide for you and your dependents. Striking this balance calls for considerable skill and foresight, and a full knowledge of the planning opportunities that are available to you.

At Mayes Business Partnership we have a specialist tax department that can provide you with this service, and we would recommend that you undertake an inheritance tax health check with us to review your potential inheritance tax liability and highlight any areas of planning that are available or risks to be considered.

The report generated by the health check tells you where you stand and what you can do about it.