Inheritance tax is a tax charged by the government on the estate of any deceased person where the value of his/her assets exceeds a tax free threshold, which is currently set at £325,000. The value of the estate up to £325,000 is often called the nil rate band allowance (or NRB) because this amount is charged to inheritance tax at 0% – the nil rate.

The value of the assets in your estate above the NRB will be taxed at 40%.

For anything further, one of our specialists would be delighted to meet you either in our office or in your own home to talk through your requirements and answer any questions. Please contact us at any time.

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