Inheritance tax

Inheritance Tax is a tax charged on the estate of someone who has died, including all property, money, and possessions.

In the UK, the tax is typically assessed before the estate is distributed to the beneficiaries. The standard Inheritance Tax rate is only charged on the portion of the estate that exceeds the current threshold, known as the nil-rate band.

Certain exemptions and reliefs may apply, such as passing assets to a spouse or civil partner. Effective estate planning can help reduce the Inheritance Tax burden on beneficiaries.

For more information visit How Inheritance Tax works: thresholds, rules and allowances