inheritance-tax-planning

£2.9billion was paid to the Government last year in Inheritance Tax*

*Source: HM Revenue & Customs as at April 2005

Inheritance Tax (IHT) is a tax paid to the Government on all of the assets within your estate when you die. In tax year 2005/06 the nil rate band is £0 to £275,000, with tax payable at 40% on anything above this figure.

The number of estates affected by Inheritance Tax (IHT) is on the increase. However, many clients may simply not be aware of IHT or don’t think this will affect them. There is still a feeling that IHT only affects the very rich. However this is no longer the case, so it's vital that you contact us and discuss what help is available for IHT planning.