Office 13, Mountview House, 202-212 High Road, ILFORD, Essex, IG1 1QB 0208-226-4933

Inheritance Tax (IHT)

Inheritance Tax is a tax charged on the estate (usually comprising properties, money and possessions) of someone who has died.

 

There's normally no Inheritance Tax to pay if either:

  • the value of your estate is below the £325,000 threshold, or
  • you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club.

The standard Inheritance Tax rate of 40% is charged on the part of your estate that's above the annual threshold. People you give gifts to might have to pay Inheritance Tax, but only if you give away more than £325,000 and die within 7 years (GOV.UK, n.d.).

Complete the Order Form below for us to work out the inheritance tax due on an estate, for payment by the excutor or administrator.

Your UTR Number can be found on most letters you receive from HMRC regarding yourself assessment tax as 'Reference'. If you cannot find it, you can request a reminder from HMRC which will be posted to the address HMRC has for you. This would normally arrive within 7 days. We will need your UTR to be able to submit your Self Assessment Tax Return to HMRC. If you do not have one please enter "N/A"
1 + 10 =

Inheritance Tax IHT

 

About

Certified Accountants Ltd is a professional accountancy practice registered in England and Wales with registered company number 07893838.

We are a professional accountancy practice serving clients all over England and Wales through our online service options which make our services accessible countrywide.

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Address

Office 13,
Mountview House,

202-212 High Road,
ILFORD, Essex, IG1 1QB

0208-226-4933

info@certifiedaccountants.org

Mo-Fr: 9.00AM - 5.00PM

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