Downsizing to Avoid Inheritance Tax

Should tax dictate where you live?

For many people, the family home represents far more than its financial value. It holds memories, familiarity and a lifetime of experiences that cannot simply be measured against an inheritance tax liability.

Whilst tax is an important consideration in estate planning, good planning should enhance your family’s future without asking you to compromise your own quality of life in the process.

Downsizing purely for tax reasons is a choice some families feel they have to make. In many cases, there are alternative approaches worth exploring first.

In this short video, Matt Oates, Senior Partner at Deep Dive Estate Planning, explains why moving home should never be the default answer to an inheritance tax problem, and what other options may be available.