029 2047 5100

Inheritance Tax

There is a widespread lack of understanding regarding inheritance tax. Put simply, the first £325,000 falls under the ‘nil rate’ band, so there would be nothing to pay.

Thereafter, the Treasury takes 40% of the estate. The position has been changed recently so that, in many cases, for example, a surviving spouse will automatically be able to utilise the unused portion of the deceased spouse’s nil rate band.


How do I avoid Inheritance Tax?

  • Make a will
  • Arrange a will trust
  • Reduce the estate whilst alive
  • Use Insurance policies
  • Make lifetime gifts

Without a will, there may be uncertainty if any of the above applies to you.

Planning to avoid Inheritance Tax can be a complicated procedure requiring expert legal help. It needn’t be payable in many situations. For an informal discussion about your affairs contact our Wills & Probate team today

Contact a specialist today

Charlene
Charlene Williams
E-mail: cdavieswilliams@martynprowel.co.uk
Direct Line Telephone No. : 029 2047 5141
Charlene graduated from Southampton University in 2001 and completed the Legal Practice course at Cardiff University in 2002.
Find out more about Charlene Williams

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