Inheritance tax is complex, but a number of reliefs and exemptions are available.

Inheritance Tax (IHT) is a tax on the estate of someone who has passed away. Currently, IHT is not paid on anything under £325,000, which is known as the nil rate band. Anything over this threshold is normally taxed at a rate of 40%, but the threshold or rate can change in certain circumstances. For example, gifts to your spouse, other family members and charities can reduce the amount of inheritance tax you pay.

For more information, please download our factsheet below.

Watch: Solicitor Lynn Wicks talk through when inheritance tax is payable on an estate and how these costs can be reduced, including through gifts to charity.

Download your Inheritance Tax factsheet

This factsheet explains how inheritance tax is charged, and what you can do now to change the amount of inheritance tax payable on your estate.

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Useful contacts

Citizens Advice Bureau
www.citizensadvice.org.uk

Solicitors for the Elderly
0844 5676 173
admin@solicitorsfortheelderly.com
www.sfe.legal

The Law Society
020 7320 5650
www.lawsociety.org.uk

Law Society of Scotland
0131 226 7411
lawscot@lawscot.org.uk

A guide to making your will

A guide to making or amending your Will

This guide explains what’s involved in making or updating a Will, as well as highlighting things to consider if you or a loved one have dementia. And if you believe, like we do, that research can bring about life-changing breakthroughs – you can find everything you need to know about supporting Alzheimer’s Research UK with a gift in your Will.

This page, factsheets and videos are for information purposes only and do not constitute personal planning for the future advice. Alzheimer’s Research UK always recommend you seek independent advice from a solicitor or tax advisor to meet your personal needs. Alzheimer’s Research UK will not accept liability for any loss, damage or inconvenience arising as a consequence of any use of or the inability to use any information on this website.