top of page
  • shericehobbs

Inheritance Tax Allowances

Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money. The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate above the tax-free threshold, which is currently £325,000.

But did you know there are other allowances you can claim to reduce Inheritance Tax?

0 views0 comments

Recent Posts

See All

What happens if you die without a will?

Who is the next of kin when someone dies without a will, and who will inherit your estate? Did you know that Parents, brothers and sisters and nieces and nephews of the intestate person may inherit un

Why write a will?

People ask this a lot. What’s the point of writing a will? Why do we do it? Making a will is a really personal matter. It’s not for me to convince anyone that they should make a will. Personally: I ma

  • Lasting Wishes on Facebook
  • Lasting Wishes on LinkedIn
bottom of page