IHT Planning for High-Net-Worth Clients in Scotland - Strategies for the New Tax Landscape

Introduction

For high-net-worth individuals and families, inheritance tax (‘IHT’) planning is undergoing significant change. Reforms to Agricultural Property Relief (‘APR’) and Business Property Relief (‘BPR’), alongside the forthcoming inclusion of pension wealth within the IHT regime, mean that traditional estate planning strategies can no longer be relied upon in the same way. Advisers need to understand what has changed and crucially, where effective planning opportunities remain.

The new landscape presents both challenges and opportunities. While some established approaches have been restricted, a range of sophisticated strategies can still help wealthy clients reduce IHT exposure, preserve family wealth and achieve their wider succession objectives.

This short webinar explores the IHT planning options that remain available, examining how advisers can structure and protect wealth while balancing tax efficiency with control, flexibility and long-term family needs.

Whether advising on existing structures or developing new estate plans, the webinar provides practical guidance on navigating the changing IHT landscape and identifying opportunities to achieve meaningful tax savings.

What You Will Learn

The webinar will cover the following:

• The key IHT exemptions and reliefs available to individuals and how they can be used effectively in estate planning
• The recent APR and BPR reforms and their impact on succession planning for farmers, landowners and business owners
• The new rules bringing pensions within the scope of IHT, including the key challenges and planning opportunities
• The principal lifetime IHT planning strategies available to Scottish-based high-net-worth clients, including asset reduction, asset freezing, asset conversion and insurance
• The continuing role of trusts and family investment companies in IHT planning following the recent reforms