UK Inheritance Tax

In the UK Inheritance Tax is payable on the reduction in value of the estates of individuals. Normally this means that the amount of your assets will be added up on your death, and any value over the nil rate band for this year (currently £312,000, or £624,000 for married couples and civil parners) will be taxed at 40%

However, it is not just on death that UK Inheritance Tax can be payable. In fact, any gifts over £3000 in any one tax year can also result in a potential liability to UK Inheritance tax.

The basic idea is that any reduction in the value of your estate will could result in your liability to UK inheritance tax

We can offer a variety of methods of avoiding UK inheritance tax. These tax planning methods can ensure that your future bill can be reduced or even wiped out. This could involve the use of many varied schemes. Otherwise, you could arrange to plan to pay any future liability.