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Inheritance Tax

Inheritance Tax

Inheritance Tax is a levy on the estate of someone who has died and is charged at 40% of any assets worth more than £325,000, although assets left to a spouse or civil partner are exempt. Inheritance Tax does not apply to estates worth less than this figure.

For unmarried couples with an estate worth more than £325,000 it is especially important to undertake inheritance tax planning as they do not have the same benefits as spouses or civil partners.

There are a number of measures that can be taken to avoid paying Inheritance Tax on significant estates worth more than £325,000 to make sure that it is your loved ones that benefit and not the tax man.

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