It isn’t always guaranteed that APR will be available. The business structure and assets will need to be carefully reviewed and considered.

Executors will claim this where available on the appropriate inheritance tax form.

You will need to consider any previous gifts as well as capital gains tax, income tax, and your own income requirements before making any decisions regarding assets to be gifted.

Ownership as joint tenants or tenants in common (joint owners or owners in common in Scotland) can have a major impact on where your assets will pass.

This is a complex area of legislation and it is worth letting us review your estate and Will to ensure the relief is maximised.

The annual exemption can be carried forward for one year.

Trusts offer highly efficient tax planning opportunities from an inheritance tax perspective but capital gains and income tax also need to be considered.

There are limits for wedding gifts from parents and grandparents below which they are exempt for inheritance tax.

Your business and balance sheet structure will need to be carefully checked to ensure all the detailed rules are met.

A PET is a gift which will fall outside of your estate after 7 complete years.