Inheritance Tax Planning

What is it ? It is a tax on that can be levied on your estate when you die (transfers to your spouse are normally exempt) . Currently if your estate (excluding certain assts that are exempt) is worth more than £325,000 (known as the Nil Rate Band) then a 40% tax charge is made against the value of your assets above the Nil Rate Band figure. For individuals which therefore means the joint allowance is £650,000. These figures will be frozen at these levels until the 2014/2015 tax year

For the latest help and advice on the different ways of mitigating this tax then please contact us.