How much Inheritance Tax

How much is inheritance tax?

The answers are 40% or 36% or 20% or nothing depending on what your estate is made up of and what you elect to do with it.

40% is the amount you will pay if your estate is larger than your allowances.

36% is the amount you pay if your estate is larger than your allowances and you elect to give more that 10% of the net value of it to a registered charity.

20% is what you will be paying if your estate is larger than your allowances and Rachel Reeves new Taxes get implemented for people claiming either business of agricultural relief.

Nothing is what you will be paying if you get in touch with me early enough in the planning cycles so that we can advise you how to plan your estate, so no Tax is due.

Look forward to getting your call in the near future.