Inheritance tax is the tax payable on your estate when you die if the value of your estate exceeds a certain amount. Currently, inheritance tax is charged at 40% on the value of estates above the threshold (nil-rate band) of £312,000. Against this certain exemptions and reliefs may be applied. Your estate is, of course, the value of your legal assets minus your liabilities (loans).
Our Private Client department has the expertise to help you to organise your investments and other assets effectively to minimise the amount of inheritance tax your intended beneficiaries may pay.
