Inheritance Tax Planning - Percy Hughes and Roberts Solicitors

Percy Hughes and Roberts Solicitors provides expert legal advice and information on inheritance tax planning, which may have to be paid on an estate when somebody dies. Our highly-qualified solicitors make what can be a complicated area of the law easy to understand, supplying comprehensive guidance to people forming a will, or those taking control of an estate.

Call our team of specialists today on 0800 781 3894 or send us an email for answers to all of your inheritance tax planning questions.

When Does Inheritance Tax Need to Be Paid?

Inheritance tax planning is important when it comes to planning a will and deciding who should inherit your assets after you die.

Currently the inheritance tax rate stands at 40% and is to be paid on estates with a net value above the threshold, which, at the moment is �325,000.

The tax is usually paid by the Personal Representatives of the Estate out of funds held by the estate. However, assets cannot be accessed until a grant of probate or letters of administration is obtained, but inheritance tax must be paid before a grant is issued.

For this reason, inheritance tax can often be a tricky area of the law to navigate. Our experts, though, help make everything clear by providing clear and concise legal advice and guidance.

Inheritance Tax Exemptions & Reliefs

There are a number of exemptions and reliefs that mean people in certain situations do not have to pay the tax.

These include making small gifts worth less than �250 and donating gifts to children for their wedding or civil partnership.

If you want to know whether you are exempt from paying inheritance tax, our probate solicitors are here to help and offer clear advice in a friendly manner.

Call Percy Hughes & Roberts Solicitors' Inheritance Tax Experts Today

For more information and advice on inheritance tax planning - or anything regarding wills and probate - call Percy Hughes and Roberts Solicitors today for free on 0800 781 3894 or send us an email.