Home > Our Services > Probate > Tax Mitigation
probate solicitors

Tax Mitigation

The key tax to consider when dealing with an estate is inheritance tax.  As part of the Probate application, it is necessary to calculate the inheritance tax liability first.

The Will outlines who the assets have been left to but will not provide guidance on whether any tax relief is available.  If an estate exceeds the inheritance tax threshold (currently £325,000) then advice should be taken to minimise the tax charge on the estate.

There are two different approaches to take:

i) Review any reliefs that may be available.  For example, certain assets used in businesses, or shareholdings, may be able to pass free of inheritance tax provided that appropriate elections are made.

ii) Consider using deeds of variation to pass the estate more tax efficiently.

It may also be necessary for the estate to file tax returns until it has been fully distributed.

Our team includes Chartered Tax Advisers to assist with all aspects of tax reporting. If you would like to speak to a member of the team today about inheritance tax please contact us or book an appointment through the website.

[]
1 Step 1

Quick Quote

Your Nameyour full name
Contact Number
Post Codeyour full name
Your Messagemore details
0 /
Previous
Next

Meet our Conveyancing team Book an appointment
Probate

Why should you use us?

Edward Hands and Lewis have been in business for well over 100 years and we understand our client's needs. Here are a few reasons why you should use us.
  • Map and Double Pin Icon National Locations

    Edward Hands and Lewis is now a nationally-acclaimed body. For over a hundred years Edward Hands and Lewis has been an established solicitors in the Leicestershire area, but now we have branched out across the UK.

  • Stopwatch Icon Quick Response

    At Edward Hands and Lewis we pride ourselves on our quick response time and there are several ways you can get in touch, whatever the method, we will make sure we get back to you as soon as we can and get to work on your case.

  • Coffee Cup Icon Free Initial Assessment

    We offer a free initial assessment so you know that you have found the right people for the job. Contact us and no matter what your enquiry is about, we will find the right person to deal with your case.

  • Magnifying Glass Icon Transparent Pricing

    We make our prices fully transparent so our clients know exactly what they’re paying for throughout the process. We also offer fixed-fee services so you know the full costs from the outset.

  • Wrapped Present with Bow Icon Personal Approach

    Our solicitors are approachable and helpful and understand that legal undertakings can be incredibly stressful. We pride ourselves on excellent client service which has been recognised year on year by our Lexcel accreditation.

  • Clock Face Icon Out of Hours

    We know you may not be available within standard working hours, which is why we make ourselves available for out of hours appointments.

  • Magnifying Glass Icon Languages we speak

    At Edward Hands and Lewis several of our specialists are multi-lingual in the following languages: Punjabi, Hindi, Urdu, Gujarati, Serbo-Croation, French, Italian, German, Swedish. For any other languages, the services of translators may be appropriate.

  • Wrapped Present with Bow Icon Award winning team

    At Edward Hands and Lewis we have an award winning team to deliver legal services to you. Our solicitors and support teams have won awards for their expertise and business acumen and continue to deliver excellence in the profession.

Read our Client Promise

or meet our experts, or why not book in a free consultation with one of them.


Map and pin icon
Sign up to our newsletter
  ERROR: 8 - CURL error: