Inheritance Tax

Inheritance Tax is due when your estate is valued over the current Government threshold of £325,000 (in 2011/12).  The tax is payable at 40% on the amount over the threshold.  This applies to all assets, including houses.

To find out more about Inheritance Tax legislation please visit the HMRC website or speak to your legal advisor.

One sure way to limit Inheritance Tax on your estate is by leaving a gift to charity.  Legacies left to charities are exempt from Inheritance Tax.