Advice for passing on an inheritance and managing an Inheritance Tax bill

Inheritance Tax, or IHT for short, is in simple terms a tax payable on the assets (money or possessions) you leave behind when you die, so it’s often referred to as ‘death duty’. The assets making up your estate can include:

  • Cash and savings in the bank
  • Investments
  • Property and valuables, such as art, jewelry, etc.
  • Vehicles
  • Businesses you own
  • Pay-outs from life insurance policies not held in trust

Many estates that are now subject to IHT in the UK belong to those who would not necessarily call themselves wealthy – it is only if the value of your estate is below the threshold of £325,000 there is no IHT to pay.

We provide an IHT Planning report based on your circumstances and facts.