Inheritance Tax Planning - Expert Advice Protect Your Wealth

Inheritance Tax (IHT) is a tax charged on the value of a person’s estate when they pass away. The estate includes all property, money, and possessions.

However, there are ways to reduce or eliminate the tax with proper planning. For example:

• Spouses and civil partners can usually inherit tax-free
• You can give away assets during your lifetime using gift allowances
• Business and agricultural reliefs may apply to certain assets
• Leaving 10% or more to charity may reduce the tax rate to 36%

Our Inheritance Tax Accountants can assess your estate and guide you through available reliefs. With help from an inheritance tax specialist, you can put effective inheritance tax solutions in place.

Inheritance Tax is usually paid from the estate of the person who has died, not by the people who receive the money or property. The person in charge of handling the estate (called the executor if there’s a will, or an administrator if there isn’t one) is responsible for making sure the tax is paid to HMRC.

This tax must usually be paid within six months after the person’s death. If it’s late, HMRC may charge interest. It can be confusing and stressful, which is why many families ask for help from Inheritance Tax Accountants.

At dns accountants, our expert inheritance tax service takes care of everything. We offer clear advice, step-by-step inheritance tax help, and practical inheritance tax solutions to make sure everything is handled correctly.

If you need quick support or have questions, speak to an inheritance tax specialist or call our friendly inheritance tax helpline today.