Frequently asked questions
We are sure that you have many questions regarding our service, below are our frequently asked questions.
IHT is payable to HMRC at a rate of 40% on all estates on death above a tax free threshold of £325,000. If you give some of your wealth away before you die to trustees, they too might be taxed under current IHT rules at the time of the gift at a lifetime level of 20%.
IHT is payable by the executors of a Will or the administrators of an intestacy
IHT is generally payable six months after death
The value of a particular asset may be the subject of negotiation between the executors and the government.
Not if you leave your estate to your spouse
You can give as much away as you wish to any chosen beneficiary (other than to a trust) during your life. Such gifts however become exempt from IHT only if you survive the date of the gift by seven years