Inheritance Tax - Private Client Solicitors

Inheritance Tax

  • 5th August, 2021
  • Posted by dwsgo

Inheritance tax is charged on the value of your estate that is above £325,000 (for the tax year 2021-2022 and usually increased annually). Will are often used as a useful tool for inheritance tax planning measures. Under certain circumstances, the survivor of a married couple is entitled to double the allowance.  There is also a main residence nil rate band to consider which tends to be £175,000 per person for those individuals who has children and have an estate less than £2m.