Inheritance Tax Hub
We can offer in-depth and bespoke advice on everything surrounding inheritance tax. Browse through our guides, posts and advice, or use our IHT calculator to estimate your liabilities.
Inheritance Tax in a nutshell
In the UK, inheritance tax is a levy imposed on the estate (the property, money, and possessions) of someone who has died. The tax is calculated on the value of the estate above a certain threshold, which is known as the inheritance tax threshold or nil-rate band.
As of today, the threashold is £325,000. However, there are various exemptions and reliefs available, such as those for gifts made during a person’s lifetime or to a spouse or charity. Inheritance tax rates can be as high as 40% on the value of the estate above the threshold. It’s a significant consideration for estate planning and often requires professional advice to navigate effectively.
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