Inheritance Tax is usually paid when a deceased's estate is worth more than £325,000 - this figure is known as the Nil Rate Band.
It is usually the responsibility of the Executor/Personal Representative to pay the Inheritance Tax and this is a very important part of dealing with the Administration of Estates.
It is essential to take professional advice on Inheritance Tax as errors can result in significant penalties and interest being charged by HMRC.
Our specialist advisors are here to discuss all aspects of Inheritance Tax with you.
Whether you are dealing with a deceased's estate and need advice on what to do, or whether you wish to put your own affairs in order and reduce your own inheritance tax bill as much as possible our Solicitors are here to assist you.