Inheritance Tax Planning

Inheritance Tax Planning

With average bills running into thousands of pounds, you could be storing up huge headaches for your loved ones if you don’t address the problem of Inheritance Tax. It's traditionally considered a problem that only affects the richest. In reality, Inheritance Tax is a growing issue for middle class families.

Don’t assume you won’t be affected. Find out now, so you can make plans to address any liability. 

Things you need to know

  • If your estate is above your nil rate band, Inheritance Tax will be applied to everything you own above it.
  • Your nil rate band is currently £325,000 if you are single or divorced or £650,000 if you are married or have been previously widowed (2016/17 tax year).
  • As well as this, you have a main residence nil rate band which is being gradually introduced from April 2017, reaching £175,000 per person by the 2020/21 tax year.
  • Your estate is made up of everything you own, less any liabilities and we can help you estimate how much yours is worth.
  • There are many ways you can make plans towards addressing your Inheritance Tax liability
Mr Brown

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