Inheritance Tax is payable at 40 percent on taxable assets in excess of the nil rate band of £285,000 (2006). Lycetts will provide an assessment of the current liability and put forward recommendations for reducing this including:

• Full discussions with clients and other advisers
• Protecting inheritance from taxation
• The use of trusts
• Making provision for the potential liability

Require more information? email info@lycetts.co.uk