Inheritance Tax Information

*Under the current Inheritance Tax rules, your beneficiaries will not have to pay any Inheritance Tax if your net estate is less than £325,000.  Anything over £325,000 is liable to 40% Inheritance Tax.  Gifts to charities are exempt from Inheritance Tax, so if you do leave a charitable gift it will be deducted from your estate before any tax liability is calculated.

If you leave a gift of 10% or more of the net value of your estate to a qualifying charity, the rate of Inheritance Tax is reduced from 40% to 36%.  For more information please speak to your solicitor.

*Tax information is factually correct as of October 2019

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