Below is only a high level summary of inheritance and there are many other factors and additional rules that effect the way your estate is taxed and distributed. Full knowledge of the rules and your personal circumstances are essential before any planning is undertaken.
What is inheritance Tax?
What is the Inheritance Tax Threshold?
Should I be worried about Inheritance tax?
What is included in Inheritance Tax?
Can I just give my estate away?
Why does my family have to pay the tax?
Can’t my estate just pay the bill?
Can I reduce my Inheritance Tax bill?
If you cannot see your question answered then get in touch.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax reliefs depends on individual circumstances.
Trusts are not regulated by the Financial Conduct Authority.