How is Inheritance Tax calculated?

Inheritance Tax only applies if the taxable value of the deceased estate (including their share of any jointly owned assets and assets held in some types of trusts) when they die is above £312,000 (2008-2009 tax year). It is only payable on the excess above this nil rate band and is charged at 40%.

Our Inheritance Tax Solicitors will assist you in valuing the estate and calculating Inheritance Tax payable.