Guide to Inheritance Tax
Inheritance Tax (IHT) is a significant and growing concern for many people, with £4.6 bn paid in 2015/16 (source: HM Revenue & Customs).
For many people, Inheritance Tax is an inevitable mystery. Our Guide to Inheritance Tax gives an overview of the options that you have for maximising the inheritance you leave for your loved ones. Covering everything from what happens if you don’t have a will through to inheritance left in Trust, this guide can help you to understand your options.
Click here to download the Gibbs Denley Guide to Inheritance Tax.
This is an update of an earlier post, including information for the 2017/18 tax year.
NB: Since this guide was published, Teresa May has called a snap Election, whch has lead to the government dropping the planned changes to Probate Fees mentioned on p. 2. Probate fees will remain at £215 (or £155 if applying via a solicitor) until indicated otherwise.
Please note that this is for information purposes and does not constitute financial advice.
By Craig Hilton DipPFS
Associate Director
Gibbs Denley
Email Craig
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