What Is Inheritance Tax?

Inheritance Tax

Inheritance tax is paid on money, property and assets (known as the “estate”) that is left by an individual when they die. It may also have to be paid on gifts that are made during that person’s lifetime. You do not usually have to pay tax on other chattels you may receive from a deceased person’s estate.

Inheritance tax planning

Inheritance tax planning is changing, thanks to the chancellors Summer Budget 2015.  In the budget, he announced that inheritance tax (IHT) was to be scrapped on homes worth up to £1million.

Inheritance Tax Planning

Inheritance Tax Planning


The new IHT proposals certainly look like good news for some people who will inherit their parent’s or grandparent’s home after April 2017, but those hoping for a nice tax-free windfall from an aged aunt, uncle or sibling will not be so lucky.  This is because the property will only be able to pass to lineal descendants for it to be exempt when the additional rate is used.

Why Choose us

Icon1

Investment portfolio review

Icon2

Cash flow modelling

Icon3

Fully Independent

Icon4

FCA regulated

Icon5

Financial planning

Icon6

Estate planning qualified

Icon7

Pension transfer specialists

Icon8

Occupational pension specialists

Icon9

All types of mortgages

Icon10

Care fee planning

Icon11

Low cost fees

Icon12

Corporate planning

Icon13

Wealth management

Icon14

Retirement planning

Icon15

Inheritance tax mitigation