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 £285,000 (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.

The Finance Act 2006 has brought in changes to tax planning around Inheritance Tax. If you would like help on this matter then please contact us.