HomeCategory IHT


IHTNRB Frozen Until 2028

7th December 2022

In his November statement, Jeremy Hunt has frozen the current NRB at £325,000 and RNRB at £175,000. The budget states that “qualifying estates can continue to pass on up to £500,000 and the estate of a surviving spouse or civil partner can pass on up to £1 million without an inheritance tax liability”. While this...


Her Majesty the Queen celebrated her 96th Birthday this year (2022) and it’s interesting to consider that in 1926, the year of her birth, the average life expectancy for a women was just 62. Time has certainly moved on and so too has life expectancy. The International Longevity Centre estimates that 0.15% of the UK...


Probate is the legal term given to the administrative process that is followed after someone has died. It ends with the ‘Probate Registry’ issuing a ‘Grant of Probate’ OR, in the absence of a Will, a ‘Grant of Letters of Administration.’ The ‘Grant of Probate’ will usually be issued in around 4 and 8 weeks...


Recent research, conducted by the ‘resolution Foundation,’ has revealed that the value of inherited wealth, handed down to younger generations, is set to double over the next 20 years. This trend very much amplifies the need for people to fully appreciate the value of their estates and the need to plan ahead in order to...


If your estate is worth more than the Inheritance Tax (IHT) threshold of £325,000 (or £650,000 for married couples and Civil Partners) it is likely that, when you die, your estate will be subject to IHT at 40%. One of the most straightforward ways to reduce the IHT liability, on your estate, is to give...


Inheritance Tax (IHT) is a 40% tax, levied by the UK government, that is applied to your estate after you die. The allowance or ‘Nil Rate Band’ is £325,000 per person but there are a few other things to understand… There is no IHT to pay if your estate is below £325,000. However, its important...


If the new Inheritance Tax (IHT) proposals by the ‘All Party Parliamentary Group’ (APPG) go ahead, mums and dads intending to help their children get a ‘foothold’ on the property ladder need to consider carefully how they proceed. As with so many tax reforms that are ‘intended to help us,’ the new IHT proposals are...

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Don’t Put Off Discussing Inheritance Tax and Putting an Effective Will in Place

Don’t Put Off Discussing Inheritance Tax and Putting an Effective Will in Place