You can't take it with you
It's not just stately home owners who need to think about
Inheritance Tax. Because average house prices are much higher nowadays, many
more people could find themselves subject to Inheritance Tax. It pays to plan
ahead if you want to leave the most you can to those that matter to you.
Currently, the threshold at which you have to start paying
Inheritance Tax (IHT) is just £300,000. When you die, the value of everything
you own will be totted up and, if it comes to more than the threshold, anything
over that amount could be taxed at 40%.
Because the threshold hasn't risen as fast as house prices,
many more people are liable for IHT than before. However, don't panic - you can
reduce the impact of IHT with a little help from us.
Use
our IHT calculator to get an idea of what you may be worth
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