Inheritance Tax Planning

What is Inheritance Tax?

Inheritance tax is a tax on the estate of someone who has died. The estate includes the property, possessions and money of the deceased. The tax is charged at 40%, but only on the part of the estate that exceeds a certain value threshold, which can vary depending on the situation. The tax is due within six months after the death, or interest will be charged. The person who inherits the assets pays the tax.

Read our IHT Guide:

Click the button below to read our guide on how to plan for inheritance tax.