5th October 2026
Business

Inheritance Tax Planning: Allowances, Reliefs & Strategies

  • October 5, 2026
  • 0

For families with property, investments or business interests, inheritance tax planning can provide a structured way to review potential liabilities and understand the allowances and reliefs that may

Inheritance Tax Planning: Allowances, Reliefs & Strategies

For families with property, investments or business interests, inheritance tax planning can provide a structured way to review potential liabilities and understand the allowances and reliefs that may be available.

Key Takeaways

The inheritance tax threshold remains £325,000 per person, with up to £175,000 extra for property passed to direct descendants.

Business owners and landlords can benefit from specialist reliefs to reduce IHT.

Lifetime gifts, trusts, and insurance strategies can all play a role in tax planning.

Inheritance tax must be paid within 6 months of death, or interest and penalties apply.

Professional advice can help secure thousands in tax savings and avoid costly mistakes.

Why Trust This Guide?

Thousands of UK families and business owners rely on Eternity Accountants for clear, up-to-date inheritance tax planning advice tailored to their needs.

ICAEW regulated and AAT accredited

15+ years supporting UK businesses

500+ UK businesses supported since 2009

Rated 4.9/5 on Google Reviews

Fixed fees from £7.50/month

Last reviewed: July 2026.

Professional CIS Tax Returns Services

✓ HMRC Compliant

✓ CIS Specialists

✓ Fixed Fees

✓ Fast Tax Return Preparation

Managing tax obligations under the Construction Industry Scheme (CIS) can be challenging for contractors and subcontractors alike. At Eternity Accountants, we provide professional CIS Tax Returns Services to help construction workers remain compliant with HMRC requirements while ensuring they claim all eligible tax reliefs and allowable expenses.

Whether you’re a self-employed subcontractor, sole trader, contractor, or construction business owner, our experienced team can assist with CIS tax returns, tax refunds, expense reviews, and ongoing compliance support. We help simplify the process and ensure your tax affairs are handled accurately and efficiently.

For families with property, investments or business interests, inheritance tax planning can provide a structured way to review potential liabilities and understand the allowances and reliefs that may be available.

Our proactive approach helps construction professionals avoid penalties, maximise legitimate tax savings, and stay focused on their projects.

Who We Help

CIS Subcontractors

Construction Workers

Self-Employed Tradespeople

Builders

Electricians

Plumbers

Carpenters

Bricklayers

Painters & Decorators

Groundworkers

Roofing Contractors

Construction Business Owners

What’s Included In Our CIS Tax Returns Service?

Our CIS Tax Returns service typically includes:

→ CIS Tax Return Preparation

→ Self Assessment Tax Return Filing

→ CIS Tax Refund Claims

→ Verification of CIS Deductions

→ Review of Allowable Expenses

→ Income and Profit Calculations

→ HMRC Compliance Support

→ Tax Liability Calculations

→ HMRC Correspondence Assistance

→ Tax Planning Advice

→ Filing Before HMRC Deadlines

→ Ongoing CIS Tax Support

Why Choose Eternity Accountants?

✅ Experienced CIS tax specialists

✅ Accurate HMRC-compliant submissions

✅ Assistance with CIS tax refunds

✅ Fixed and transparent pricing

✅ Fast turnaround times

✅ Dedicated support throughout the year

✅ Construction industry expertise

✅ Practical tax-saving advice

Frequently Asked Questions

What is the Construction Industry Scheme (CIS)?

The Construction Industry Scheme (CIS) is a HMRC scheme that governs tax deductions made by contractors from payments to subcontractors in the construction industry.

Do CIS subcontractors need to file a tax return?

Can I claim a CIS tax refund?

What expenses can CIS workers claim?

How do I know how much CIS tax has been deducted?

What records should CIS workers keep?

What happens if I miss the tax return deadline?

Can you deal with HMRC on my behalf?

What happens if I miss a tax deadline?

How much do CIS Tax Returns Services cost?

Can you help maximise my CIS tax refund?

Get Expert CIS Tax Return Support Today

Construction professionals often pay more tax than necessary because they fail to claim all eligible expenses and tax reliefs.

Whether you’re a subcontractor, tradesperson, or construction business owner, Eternity Accountants can help you stay compliant, reduce stress, and maximise your tax efficiency.

Contact us today to discuss your CIS tax requirements and receive professional support.

Free Consultation Available

Need help with your CIS Tax Return?

Speak with our experienced CIS tax specialists today.

✓ Fixed Fees

✓ HMRC Compliant Service

✓ CIS Tax Refund Assistance

✓ Dedicated Construction Industry Support

For families with property, investments or business interests, inheritance tax planning can provide a structured way to review potential liabilities and understand the allowances and reliefs that may be available.

Inheritance tax planning is more important than ever for UK families, landlords, and business owners. In this guide, Eternity Accountants explains the key thresholds, reliefs, and practical steps to reduce your inheritance tax bill and protect your legacy.
Final Thoughts

Preparing for inheritance tax is an important part of long-term financial planning. By reviewing your assets, understanding the available allowances and keeping appropriate records, you can make more informed decisions about the future of your estate.

Professional guidance can also help families and business owners understand complex rules and avoid mistakes that could create unnecessary costs.