Inheritance Tax

Inheritance Tax

Assets, Business Owners, Estate Planning, Legal, Tax

Who Pays Inheritance Tax? Inheritance Tax is payable on the net value of any estate over £325,000 at a rate of 40%. The net value is after all allowable debts, expenses and exemptions have been deducted. The main exemptions are: A married couple can leave unlimited...
Business Owners

Business Owners

Business Owners, Estate Planning, Family

For business owners careful estate planning is vital otherwise a lifetime’s achievement can easily be lost. It may take a whole generation to build up a company but there are many non-commercial factors that can conspire to ensure that as soon as the founder is...