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Inheritance Tax

Definition
A tax on the assets you wish to pass to other family members, other than your spouse or civil partner, on your death. 

The tax rate is currently 40% of your estate, after allowing for the first £285,000 of assets.

That can lead to a tax liability of £46,000 on a joint estate of £400,000 or £100,000 on a joint estate of £550,000 being payable to HM Revenue & Customs by the family where no action has been taken.  Your estate includes the value inherent in the home.

There is also a possibility of a 20% charge during your lifetime on transfers depending on circumstances.

We are able to advise both  the Professional Advisor or the Individual in ways of mitigating the inheritance tax charged.

Explore this section of the website:

If you would like to discuss any matters with us or to arrange a meeting please call us on +44 (0)121 483 6850 or click here to contact us.

Inheritance Tax Services
BNB Tax Professionals' Options
BNB Tax Individuals' Options
BNB Tax Business Property
BNB Tax Single Substantial Assets
BNB Tax The Wealth Preserver
BNB Tax Inheritance Tax Calculator
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