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Increasing house price inflation in the UK means that Inheritance Tax is no longer “a tax on the rich”
The threshold for Inheritance Tax is currently set at £325,000 for the tax year 2014/15. Inheritance Tax is a flat rate tax at 40%, payable on the value of the estate that exceeds the threshold figure.
A wide range of tax planning measures can be taken to reduce the potential for paying Inheritance Tax. Our experts can advise you on the best options for your particular situation.
Solicitor, Wills and Probate Department
Liverpool, Penny Lane