Inheritance Tax Planning Torbay
Know your inheritance tax position before it becomes a problem.
Property values across Torbay have pushed many estates toward the 40% inheritance tax threshold without the owners realising it. A structured review of your estate, available reliefs and gifting options can make a meaningful difference to what you pass on. Fixed fees agreed upfront, ACCA-qualified advice from Daniel, and questions answered the day you ask them.
- Your current IHT exposure calculated clearly, in plain English
- Available reliefs and exemptions identified and applied correctly
- Gifting strategies and timing mapped out before they are needed
- Business property relief assessed if you own a business or farm
No long-term contract. If the advice does not feel right after the first engagement, you walk away with a clear picture of your estate and nothing further owed.
Get a free IHT planning quote
Fixed fee. Same-day reply. No obligation.
What our clients say
★★★★★
Efficient, Friendly, Highly Recommended
“Excellent service providing financial accounts for probate. Quick, efficient and friendly. Would highly recommend.”
★★★★★
Fast Turnaround Without Cutting Corners
“Fees were transparent, turnaround was fast, and the work was done thoroughly and accurately.”
★★★★★
Spoke Through Everything, Made It Clear
“Daniel was very helpful and patient with me when I had no clue what to do and spoke through everything with me and made it clear”
★★★★★
Never Have to Worry About It
“Professional service. This company does my accounts every year and i never have to worry about it. Speedy as well.”
Sound familiar?
Not sure what your estate will owe HMRC?
Inheritance tax catches a lot of people in Torbay off guard. Rising property values mean estates that once sat comfortably below the threshold no longer do. By the time it becomes urgent, the options for reducing the bill are narrower. A reasonable amount of planning, done early enough, keeps more of what you have built in the hands of the people you intended it for.
- No clear picture of whether your estate currently exceeds the nil-rate band
- Business assets, property and pensions not reviewed for available IHT reliefs
- Gifting and trust options left unused because no one has laid them out plainly
What a planned estate looks like
A straightforward review of your estate maps out your exposure, identifies the reliefs you are entitled to, and sets out the practical steps available to you. No jargon. No pressure. Just a clear picture and an honest conversation about the options.
- Your estate valued and IHT liability calculated against current thresholds and reliefs
- Business property relief, agricultural relief and pension treatment reviewed in full
- Annual gifting allowances, exempt transfers and trust options explained clearly
- Fixed fee agreed before any work starts, so the cost is never a surprise
What clients say about estate and tax work
From probate accounts to time-sensitive tax reviews, clients in Torbay and across the UK consistently highlight the same things: speed, clarity and accuracy.
Excellent service providing financial accounts for probate. Quick, efficient and friendly. Would highly recommend.
I worked with Daniel at DG Accountancy to review and sign off my sole trader accounts for a time-sensitive mortgage application, and the service was excellent. Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners. Communication was straightforward and reassuring, which made a potentially stressful part of the mortgage process much easier. Fees were transparent, turnaround was fast, and the work was done thoroughly and accurately. I wouldn’t hesitate to recommend Daniel to anyone needing reliable accountancy support, particularly where deadlines really matter.
Three areas covered in an IHT review
Inheritance tax planning with DG Accountancy covers your current exposure, the reliefs available to you, and a practical plan for what comes next. All explained in plain English.
Estate Valuation and IHT Calculation
Your estate is reviewed against the current nil-rate band, residence nil-rate band and any transferable allowances from a deceased spouse. You get a clear figure for your current IHT exposure and an honest assessment of where it is heading. No assumptions, no guesswork.
Starting point for all IHT planningReliefs, Exemptions and Gifting Strategy
Business property relief, agricultural property relief, annual gift allowances and potentially exempt transfers are all reviewed for applicability. Where gifting is appropriate, the timing and documentation requirements are mapped out clearly. The seven-year rule and its implications are explained without the legal jargon.
Reduces your IHT liability legitimatelyOngoing Planning and Annual Reviews
Your estate does not stay static and neither should your IHT position. An annual review ensures that changes to asset values, HMRC thresholds and your personal circumstances are reflected in your plan. You are not left working from advice that is three years out of date.
Proactive, not reactiveConsistently rated five stars across all work
Eight verified Google reviews, all five stars, from clients spanning sole traders, limited companies and individuals with complex financial situations.
Explains Every Detail to Finalise Accounts
“Absolutely recommend Daniel for all and any accounts related matter. Would use his expertise again. He is the most amazing person, very professional, explaining every detail meticulously in order to finalise our accounts. A huge thank you Daniel.”
Rates Extremely Good, Get More for Money
“Daniel was very helpful with my books and tax return. He offered great advise and insight in how to manage my books better and more efficiently. His knowledge in tax law and what can be used for expenses really helped with saving money where I could. As a sole trader it’s really hard to keep on top of things and have now asked Dan to do monthly books for me. His rates are extremely good compared to some other accountants out there and I get more for my money.”
Took the Weight Off Self-Employed Tax
“Huge thanks to Daniel for helping ourselves with our taxes! Being self employed means we all have to do this ourselves which is just not possible on top of our work load. Thanks again! We will be using you again!”
What makes this worth a conversation
There is no shortage of accountants who will file a return. Fewer will sit with you and map out what your estate actually looks like and what is worth doing about it.
20 Years Across Complex Tax Situations
Daniel has spent two decades working across airlines, construction, manufacturing and entertainment — sectors where asset structures, business valuations and tax exposures are rarely straightforward. That breadth of experience translates directly into IHT planning for business owners, landlords and high-value estates. You are not a training exercise.
IHT Rules in Plain English
Nil-rate bands, residence enhancements, potentially exempt transfers, business property relief — the terminology alone is enough to make most people put it off. Daniel explains what each of these actually means for your specific estate, what your options are, and what the cost of each decision is. No jargon walls.
Advice Before It Becomes Urgent
Most IHT planning works best when it starts early. Waiting until an estate is being administered leaves far fewer options available. Working with DG Accountancy means your position is reviewed while there is still time to act on gifting strategies, trust structures and relief claims — not after the fact.
Up and running in four straightforward steps
From the first conversation to an IHT plan you actually understand, the process is designed to ask as little of your time as reasonably possible.
Book a free discovery call
A short conversation about your estate, your current set-up and what you are hoping to understand or achieve. No sales pitch — just an honest assessment of whether IHT planning is worth pursuing now and what it would involve.
Receive a fixed-fee quote
You will get a written quote covering exactly what the review will include and what it will cost. Everything agreed upfront, so there are no surprises when the invoice arrives.
Estate review and planning session
Daniel works through your assets, liabilities, property holdings and available reliefs. You receive a clear summary of your IHT position and a practical list of options, in plain English, with the implications of each one spelled out.
A plan you can actually act on
You leave the engagement knowing your current exposure, what can be done to reduce it and what the timelines are. For clients who want ongoing support, an annual review keeps the plan current as your estate and HMRC thresholds change.
“Professional service. This company does my accounts every year and i never have to worry about it. Speedy as well. I am a very happy customer.”
Things people usually ask before getting started
Do you handle inheritance tax planning specifically, or is it just general tax advice?
IHT planning is a distinct area of tax advice and is treated as such here. That means reviewing your estate against the current nil-rate band and residence nil-rate band, assessing business property relief and agricultural relief where relevant, and mapping out gifting strategies and their seven-year implications. It is not bundled into general bookkeeping — it is a structured engagement in its own right.
What does inheritance tax planning cost and what is included?
The fee depends on the complexity of your estate — whether you hold business assets, property, pensions or have made previous gifts all affect the scope. A fixed quote is provided before any work begins, covering the full estate review and a written summary of your IHT position and options. There are no hourly rates and no open-ended engagements.
My estate is not particularly large — is IHT planning still worth doing?
Property values in Torbay and the wider Devon area have pushed many estates above the standard £325,000 threshold without the owners realising it. Adding a property to savings, investments and life cover can take an estate above the threshold more quickly than expected. A straightforward review will tell you whether you have an exposure worth addressing — and if you do not, you will at least know that with confidence.
Is there a long-term contract involved?
No. An IHT planning review is a fixed-fee engagement with a defined scope. If you want an annual review to keep the plan current, that is a separate conversation and there is no obligation to continue. You are not locked into anything.
Can you advise on IHT for a property portfolio or business assets specifically?
Business property relief can reduce or eliminate IHT on qualifying business assets, including interests in trading businesses and certain AIM shares. For landlords, the position is more nuanced — buy-to-let property typically does not qualify for BPR, though furnished holiday lets may be treated differently. These distinctions matter and are assessed as part of the review rather than assumed.
How far in advance should I start thinking about inheritance tax planning?
The earlier the better, largely because some of the most effective strategies — particularly potentially exempt transfers and the seven-year gifting rule — require time to be effective. Planning done ten years before an estate is administered has significantly more options available than planning done two years before. That said, starting now is always better than waiting for a more convenient moment that rarely arrives.
Stop guessing what your estate will owe. Get a clear answer.
A free discovery call takes thirty minutes and costs nothing. You will leave with an honest view of whether IHT planning is worth pursuing and what it would involve. Fixed fee, ACCA-qualified, based in Torquay.