What is inheritance tax?

What is inheritance tax?

What is inheritance tax?

Answer: 

Inheritance tax is a tax payable when a person has died and their wealth exceeds the inheritance tax threshold. This is currently £325,000 for unmarried people and £650,000 for married people who leave everything to the surviving spouse on the death of the first. The taxable rate is 40% over and above the inheritance tax threshold.

Service Type:

Individuals: