IHT & Trusts Specialist
Inheritance tax and trust matters can be complex, sensitive and often closely linked to long-term family, personal and financial planning. At Forth Accountancy, we provide specialist advice and practical support to help individuals, families and trustees understand their obligations, plan effectively and manage these matters with confidence.
As a Chartered Tax Adviser, we offer a high level of technical expertise alongside clear, straightforward guidance. Whether you are looking to plan ahead, protect family wealth, deal with the tax implications of lifetime gifting, or manage the ongoing responsibilities of a trust, we provide tailored advice based on your individual circumstances.
Our aim is to help clients navigate what can often be a complicated area of tax with clarity and confidence, ensuring that planning is both effective and appropriate to their wider personal and financial objectives.
Inheritance Tax
Inheritance tax planning is an important part of preserving wealth and ensuring that assets are passed on in the most efficient way possible. Without careful planning, families can face unnecessary tax exposure and uncertainty at what is already a difficult time. We provide specialist inheritance tax support to help clients understand their position, plan ahead and make informed decisions based on their personal circumstances.
Our inheritance tax services can include reviewing the value and structure of your estate, identifying potential inheritance tax liabilities and advising on available reliefs, exemptions and planning opportunities. We help clients consider how their assets are held, how wealth may be passed on, and what steps may be taken to reduce future tax exposure while still meeting personal and family objectives.
We can advise on areas such as lifetime gifting, the use of exemptions, the seven-year rule, gifting strategies, business and agricultural property reliefs where relevant, and the interaction between wills, estates and inheritance tax planning. We also support clients in understanding how inheritance tax may apply to family businesses, investment assets, property holdings and more complex estates.
For many clients, inheritance tax planning is not simply about reducing tax. It is also about creating clarity, ensuring intentions are properly reflected in wider estate planning and giving families greater certainty for the future. We take the time to understand your circumstances and provide advice that is practical, considered and tailored to your needs.
Where appropriate, we can also work alongside other professional advisers, including solicitors and financial advisers, to help ensure that inheritance tax planning forms part of a joined-up approach to wider estate and succession planning.
Trusts
Trusts can play an important role in tax planning, asset protection and the long-term management of family wealth, but they also come with specific tax and administrative responsibilities. We provide specialist support to trustees, settlors and beneficiaries in understanding and managing trust matters effectively, whether a trust is already in place or is being considered as part of wider planning.
Our trust services include advice on the taxation of trusts, ongoing trust compliance and the preparation of trust tax returns. We help trustees understand their responsibilities and ensure that reporting obligations are met accurately and on time.
We also advise on how trusts are taxed in practice, including income tax, capital gains tax and inheritance tax considerations, depending on the type of trust and the nature of the assets involved.
Where trusts are being used as part of estate or succession planning, we can advise on their suitability and the tax implications of creating, funding or administering them. We understand that trusts are often used in family situations that require careful handling, and our approach is always tailored, practical and sensitive to the wider circumstances involved.
We can also assist with more complex trust matters, including reviewing historic trust arrangements, advising on distributions and key tax events, and helping trustees understand the consequences of decisions before action is taken. For many clients, having specialist support in this area provides reassurance that the trust is being managed properly and that tax issues are being dealt with correctly.
Our aim is to provide trust advice that is clear, technically robust and easy to apply in practice, helping trustees and families manage their responsibilities with confidence.