Inheritance Tax Guide

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Inheritance Tax Guide

Everything you need to know about this emotive issue, including steps you can take.

Skipton Financial Services
Tuesday, August 23, 2016 - 13:56

Inheritance Tax Guide

Inheritance tax is a subject many people don’t know much about. But as it now affects more and more families in the UK, it’s important to at least understand the basics.

If you want to know more about inheritance tax, to make it as easy as possible for you, we’ve put together this useful guide which tells you all you need to know.

Featured in this guide:

  • What’s inheritance tax?
  • The additional allowance and why it won’t benefit everyone
  • How might your loved ones be affected?
  • How to work out your potential inheritance tax liability
  • Various ways you can tackle your potential liability  
  • How we can help you

Inheritance Tax Guide

We’ve put together this useful guide which tells you all you need to know.

Access This Guide
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What is Inheritance Tax?

Inheritance tax applies if the value of your estate exceeds the existing nil rate band upon your death – and everything above this will be charged at up to 40% to your loved ones.

How might your loved ones be affected by inheritance tax?

If, upon your death, your estate is liable for inheritance tax, sadly your loved ones will be unable to inherit what you’ve left behind until they’ve settled the outstanding IHT bill.