Inheritance Tax

The Financial Conduct Authority does not regulate advice on Estate Planning or Inheritance Tax Planning.

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died.

There’s normally no Inheritance Tax to pay if either:

• The value of the estate is below the £325,000 threshold
• you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club

If you give away your home to your children (including adopted, foster or stepchildren) or grandchildren your threshold can increase to £500,000

If you’re married or in a civil partnership and your estate is worth less than your threshold, any unused threshold can be added to your partner’s threshold when you die

The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold.

As with many taxation matters your it is often possible to mitigate some or all of your liability saving many thousands of pounds. We recommend that you seek professional tax planning advice to take advantage of any potential savings that may be available.

Tax advice which contains no investment element is not regulated by the Financial Conduct Authority.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.