Many clients are shocked to learn the amount of tax that may become payable on their estate when they die and which assets are taken into account – simply put –virtually everything.
The current nil rate band for an individual is £325,000 plus a possible £175,000 additional allowance if you own a house that you pass on to your direct descendants. The balance is taxable at 40%.
This however is not the whole story and there are opportunities to mitigate the tax payable using transferable allowances, Agricultural Property Relief, Business Property Relief, gifting and the use of trusts.
Tax planning can be a difficult balancing act between benefiting the family in the most appropriate way and ensuring that opportunities to save tax are also considered; often the two motivations do not result in the same solution.
Tax planning involves not only an effective Will but also lifetime planning which is not always as simple as it may first appear especially if you wish to maintain some control through the use of trusts.
We can guide you through your options and prepare an Inheritance Tax report detailing the current position and what planning opportunities there are to mitigate your future tax bill ensuring more of your estate is available for your family rather than HMRC.
Our employment law team have run several seminars and webinars on the Employment Rights Bill. If you missed them, you can watch one here: The Employment Rights Bill Clients who
Paul Roberts and Tom Parkes, partners in our employment department, went an extra 11 miles through mud, water and even electric shocks to complete the Tough Mudder. Thanks to the
Keelys litigation team has been strengthened by the arrival of Liam Owen as partner. Liam will work alongside the team of Joanne Davies, Patrick Farrington and Ellysse Bassan. Liam is
It has been a bumper year for promotions at Keelys this year. We are pleased to confirm that Joanne Davies has become an equity member of the LLP. On becoming
Copyright ©2025 Keelys Solicitors LLP. All rights reserved.
Keelys LLP is authorised and regulated by the Solicitors Regulation Authority with SRA No. 490684. | Registered number: OC337482.