There are many ways to reduce the tax payable, but most of these should be put into place before you die.
Gifting is one option, but there are ways to gift and yet keep control of that investment.
Investing into inheritance tax friendly investments is another option - especially the older you get.
Please ask us for more information.
2017 tax changes
Tax changes are on the way that can allow people to gift their main residence worth up to £1m tax free to their children. Not all of the legislation has been finalised, so the full scope of this new allowance has not been decided. However it will allow many people to gift property and save inheritance tax, even within certain types of trusts.