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Inheritance Tax (IHT)

At Taxation UK Accountancy Ltd, we can advise our clients on various ways of mitigating a potential inheritance tax liability.

No one really likes to think about their death, but in the event of your death, your beneficiaries could pay inheritance tax at 40% on the value of your estate above £325,000, unless you are leaving 10 per cent or more of their net estate to charity resulting in a reduced rate of Inheritance Tax of 36%.

If your estate including the value of your home is worth £500,000, that could mean a tax bill of £70,000.

For an estate of £1m, the tax figure could become £270,000

If you do not have a current valid Will then you need to be aware of the Intestacy Rules, in order to see what will happen to your estate, if you die without one.

Please contact our Inheritance Tax Team on 0800 690 6537 to discuss your requirements and the services we can offer, in more detail or simply email us your details to tax@taxationuk.com

 

Our Main Services Overview

Personal Taxation

Personal Taxation Services

Analysing your complete personal tax affairs to take careful account of you and your family's circumstances enable us to recommend ways to reduce your tax liability.

Corporate Services

Corporate Tax

We believe that effective planning for corporate tax can help result in potentially significant improvements to your bottom line figures.

Ministers of Religion Services

Clergy Taxation

Our specialist team of Clergy Tax advisors help to lessen the burden of your tax filing responsibilities to ensure your time is better spent elsewhere.

 

Trust and Estate Services

Trusts and Estates

An in depth experience in dealing with all Trust and Estate matters allows us to be best placed to save you money. We recognise that they can be delicate and require tactful handing.

Landlord Taxation Services

Landlord Taxation

Our team of specialist Landlord Tax advisors help you to structure and plan to make the most from your properties.

 

 

Charity Services

Charities

We offer an extensive range of services for your charitable organisation’s needs. Our detailed knowledge of all exemptions and reliefs helps you get the most out of your Charity.

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