Tax - JpegInheritance Tax (IHT) is a tax on the estate (the property, money and possessions) of someone who’s died.

There’s normally no Inheritance Tax to pay if the value of your estate is below the £325,000 threshold.

The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold.

Our services for inheritance tax:

  • IHT Health check – We will review your current IHT position and offer you an estimate of the IHT that would be payable on the basis of your current arrangements.
  • IHT planning review/advice. Even if you have already taken advice about IHT and have the appropriate arrangements in place, if this was done more than two or three years ago it is quite possible that subsequent legislation has meant that the advice and therefore the planning is now out of date. It is wise to review your IHT arrangements on a regular basis.

If you would like to take advantage of our IHT health check, or if you wish to discuss IHT more generally, please call us on 01308 423237 or 01305 881009.