Harrogate office
The Apple Store, Haggs FarmHaggs Road, Follifoot
Harrogate, North Yorkshire
HG3 1EQ
- Phone
- 01423 611004
- enquiries@seventyfinancialplanning.com
- Meetings
- By appointment, in person or by video
Inheritance tax planning in Harrogate
Pass on more of what you’ve built. Inheritance tax planning for Harrogate and North Yorkshire families, including farms and businesses affected by the 2026 relief changes.
Inheritance tax planning that starts with you
Harrogate house prices mean that plenty of ordinary families now have estates within reach of inheritance tax. With the nil-rate bands frozen until 2031 and most unused pensions joining the estate from April 2027, more will cross the line every year.
Around Harrogate there’s another layer: farmland and family businesses in Nidderdale, the Vale of York and the villages. Since 6 April 2026 100% agricultural and business relief covers the first £2.5 million per person, with 50% above. We help families understand where they stand and plan with their accountant and solicitor.
- A clear number. What your estate is worth for inheritance tax today, after April 2027, and in ten years if nothing changes.
- Lifetime gifting. Annual exemptions, gifts out of surplus income and larger gifts that fall out after seven years, with records your executors can use.
- Pensions and the 2027 rules. Rethinking which assets to spend and which to keep, and making sure nominations are up to date.
- Farms and family businesses. Using both spouses’ £2.5 million allowances, succession planning and funding any tax due over ten years.
What’s changing, and when
Five dates that shape pension and inheritance tax planning between now and 2031.
Farm and business relief capped
100% agricultural and business relief now applies to the first £2.5 million of qualifying assets per person (transferable between spouses). Above that, relief is 50%.
Pensions enter the estate
Most unused pension funds and death benefits count towards inheritance tax for deaths on or after this date. Death-in-service benefits are excluded.
Minimum pension age rises to 57
The earliest age most people can take money from a personal pension moves from 55 to 57. The State Pension age is also reaching 67 by 2028.
Salary sacrifice capped
Only the first £2,000 a year of pension contributions made by salary sacrifice will stay free of National Insurance.
Allowance freeze ends
The £325,000 nil-rate band, £175,000 residence nil-rate band and £2.5 million relief allowance are fixed until this date.
Inheritance tax planning across the Harrogate area
We help clients in all of these towns, in person at our Harrogate office or by video.
- Knaresborough4 miles
- Ripon12 miles
- Wetherby4 miles
- Otley9 miles
- Ilkley14 miles
- Boroughbridge10 miles
- Tadcaster10 miles
- Pateley Bridge & Nidderdale14 miles
- North Leeds8 miles
The Apple Store, Haggs Farm
Haggs Road, Follifoot
Harrogate, North Yorkshire
HG3 1EQ
I have enlisted the help of two leading members of Seventy Financial Planning over the past few years – Chris Riley and Andrew Brierley. Both have been fantastic and relaxed in their friendly Yorkshire manner! In fact all of the team at Seventy are great. Highly recommended.
Seventy brought real clarity to my personal situation, highlighting areas that need attention and which were performing well. I appreciated the genuine desire to understand my personal situation. The unhurried and professional approach made Seventy a pleasure to work with.
My wife and I first contacted Chris at Seventy some 10 years ago. We were very impressed with him and the advice we were given, and have been ever since. It is good to know that our finances are being taken care of by such a competent adviser and I would recommend Chris’s services to anyone.
The team at Seventy Financial Planning have provided my wife and I with invaluable expert advice and support over a number of years. Their services are very professional and first class. I would not hesitate to recommend them to anyone seeking independent financial advice.
Seventy has been a real lifesaver for us. Our investments with a previous firm were rapidly depleting. This would have resulted in severe difficulties for us. Seventy stabilised and grew our investments. That this was achieved in the difficult markets we are seeing is impressive.
Chris from Seventy sat with me and assessed my needs and how risk averse I am. He then provided me with a full review of findings and investment options. I am now in a better financial position than I would have been without his advice and I have been able to take early retirement.
Inheritance tax planning: your questions
How much can I leave before inheritance tax?
Everyone has a £325,000 nil-rate band. Leaving your home to children or grandchildren can add up to £175,000 more. Married couples and civil partners can pass unused allowances to each other, so a couple can leave up to £1 million. Both bands are frozen until 5 April 2031.
Does inheritance tax apply to farmland near Harrogate?
Qualifying agricultural and business property gets 100% relief on the first £2.5 million per person and 50% above that, from 6 April 2026. Unused allowance passes to a surviving spouse or civil partner.
Do you write wills or set up trusts?
We plan how wills and trusts fit your finances and manage trust investments. The legal documents are prepared by a solicitor, and we work closely with local firms.
Also from our Harrogate office: financial planning and pension planning.
Let’s chat
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Let’s arrange a free, no-obligation call with one of our advisers.
Fill in the form and we’ll be in touch, or simply call us on 01423 611004.
HarrogateHaggs Road, Follifoot, Harrogate, North Yorkshire
BirkdaleBirkdale, Southport, Merseyside