Inheritance Tax

Inheritance Tax

Inheritance Tax is normally paid upon death and relates to the value of property and assets held within the Estate of the deceased party. It also relates to certain types of lifetime gifts and certain Trust assets.

Historically, Inheritance Tax generally only applied to those whose Estates were very large, however, in recent times, the growth in property values has meant that this is no longer the case. If your property and assets add up to more than the personal exemption when you die, then your Estate will probably be due to pay Inheritance Tax. With the rate of tax currently set at 40% this can be considerable.

With careful planning, however, these liabilities can be reduced, or even eradicated. Our service will assess the amount of tax that would be due on your Estate and advise you on the best ways to reduce the amount of tax payable.