IHT & Tax

Do you know the value of your estate?

Have you considered the total value of your estate as a whole?  Do you know if your estate left to your beneficiaries will be liable for Inheritance Tax?

What is your IHT liability?

The IHT threshold until 5th April 2015 is £325,000.  Any assets above the threshold amount will be taxed at 40%.

Do you have a strategy in place to mitigate this liability?

Have you considered giving gifts to loved ones or to charity in order to reduce your estate?

Got a question? Please get in touch!