Inheritance tax can significantly affect estates that include businesses, property or investments built over a lifetime. Gortreagh Consulting provides inheritance tax advice to clients in Cookstown, Dungannon and Mid-Ulster, focusing on legitimate reliefs, clear planning steps and practical next actions for families.
What we cover
Estate valuations, nil-rate band and residence nil-rate band usage, annual exemptions, PETs and CLTs, BPR and APR claims.
- Life insurance trust structuring from a tax perspective.
How we work
Fact-find, calculation of potential liability, options paper and implementation checklist.
- Collaboration with legal advisers on wills and trusts.
Lifetime gifts
Potentially exempt transfers and chargeable lifetime transfers have different clocks and thresholds. We model seven-year horizons and insurance options where tax would still bite.
- Gifts of business assets receive extra scrutiny; documentation must support BPR claims.
Executors and probate support
Executors face tight IHT payment deadlines. We help assemble valuations and HMRC accounts efficiently.
- Charitable legacies and deed of variation options are explained where relevant.