IHT gifting, simplified.
Inheritance Tax is charged at 40% on estates above the threshold. Lifetime gifting can meaningfully reduce that bill — but only if the records exist to prove it.
£5.5 trillion will pass between UK generations in the next 30 years.
Legacy Ledger gives financial advisers and wealth owners a single platform to log gifts, classify them against HMRC rules, track every 7-year clock, and generate the reports that families and executors need — including the IHT403.
A record high. Forecast to reach £14bn annually by 2030 as frozen thresholds and rising asset prices pull more families in every year.
The most common — and most avoidable — source of IHT exposure. (Barclays Smarter Succession)
Unused pension pots become IHT liable for the first time under Finance Act 2024, Schedule 9. Millions of estate plans need reviewing.
Built for advisers and their clients.
Whether you manage estates or own one, Legacy Ledger gives you the tools, the records, and the clarity to make gifting work properly.
For financial advisers.
Consumer Duty requires advisers to identify and prevent foreseeable harm. Undocumented gifting is one of the most common — and most avoidable — sources of IHT exposure for clients. Legacy Ledger gives you the audit trail, the compliance record, and the tool to have better conversations. Beneficiaries get their own portal from day one — a live record of every gift received, its tax treatment, and the financial education to understand it. The bridge to the next generation, built before it's needed.
For wealth owners.
Used correctly, the gifting rules can meaningfully reduce your IHT bill. But without records, your estate faces a separate problem: HMRC requires 7 years of gift history on the IHT403, and reconstructing it professionally can cost tens of thousands of pounds at the worst possible time. Legacy Ledger keeps the records continuously — so your family doesn't have to.
Built for the next generation too.
Beneficiaries get their own portal — a clear record of every gift received, its tax treatment, and the financial education to understand what it means. The bridge between generations, built in.
Four compliance steps. Fully automated.
Log
Log every gift manually, upload from a spreadsheet, or connect via open banking — which automatically scans transactions to surface potential gifts for you to review and accept or reject.
Classify
Our smart classification engine assesses every gift across all HMRC exemptions, allowances and rules — annual exemption, PETs, normal expenditure, small gifts and more — and assigns the correct tax treatment automatically.
Track
Track every gift against its applicable exemption, the 7-year clock, by beneficiary, and by tax category — so you always know exactly where every pound stands.
Report
Generate the reports that matter: IHT403 probate-ready gift history, annual Gift Aid statements, and surplus income exemption statements with open banking evidence of income patterns and uploaded tax returns attached. No more reconstructing years of records under pressure.
Surplus income exemption — automated.
Section 21 IHTA 1984 allows unlimited gifts from regular surplus income with no 7-year clock. It's one of the most powerful IHT exemptions available — and the hardest to evidence. Legacy Ledger builds the proof automatically: income pattern analysis via open banking, uploaded tax return verification, and a compliant annual statement ready for HMRC.
See it in action
Currently in private beta with design partners. Full platform launch targeted for Q1 2027.
The team
James Barham
30 years of financial services leadership across asset management and institutional markets, most recently as Executive Chairman at Schroders Solutions.
Britt Hoffmann-Jones
20 years across asset management, pensions, and wealth, most recently at Schroders. Saw the gifting compliance gap and decided to build the solution.
Keep me posted.
Whether you're a wealth owner or financial adviser, follow our progress and be first to hear when we open to new partners.
Join our design partner programme or invest.
Financial advisers.
We are working with a small group of financial advisers and wealth managers to shape the product before launch. Places are limited.
Investors.
We are raising a seed round to bring Legacy Ledger to market. If you'd like to learn more, please get in touch.