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Estates

How much of your estate will be taxed?

The present rate of Inheritance Tax (IHT) that is payable by your executors on your taxable estate is 40%.

Probate fees on the increase

Probate fees are to increase according to a new government consultation, which will see the end of the current flat fee approach and the introduction of a new banded approach based on the value of an estate. 

What can you give away before the end of the tax year?

You can give away £3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your ‘annual exemption’.

What can you give away before the end of the tax year?

You can give away £3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your ‘annual exemption’.