fbpx

Inheritance tax

When you die, inheritance tax may cost your loved ones hundreds of thousands of pounds, but there are ways to lawfully avoid paying a large portion of it – or even none at all. The regulations around inheritance tax might be difficult to grasp at first, but it’s critical to do so.

The amount you pay is determined by the value of the deceased’s estate, which is calculated using their assets (cash in the bank, investments, property or company, cars, and life insurance pay-outs), less any debts.

Normally there is no tax to pay if:

  • The value of your estate is below 325,000

  • You leave everything over £325,000 to your spouse, civil partner or a charity.

If neither of the above scenarios apply, your estate will be taxed at 40% on anything over the £325,000 threshold when you pass away (or 36 per cent if you leave at least 10 per cent of the value after any deductions to a charity in your will).

Inheritance Tax

Our Commitment to you

  • Extensive experience in establishing trusts.

  • Planning structural, Wills and Probate.

  • Objective, practical advice combined with a competitive charging structure.

  • A friendly, approachable and client-focused team.

Asmat Accountants

Asmat & Co are one of Berkshires’ leading independent firms of Accountants servicing a growing and satisfied clientele. At Asmat & Co expert advice is available from senior qualified Chartered Management Accountants (ACMA) and Chartered Certified Accountants (ACCA), at very attractive packages tailored to suit varied individual and business requirements. The professional team at Asmat & Co. possesses extensive experience in providing accounting, tax, finance transformation and business advisory services to a diverse customer base.

CONTACT US


  • 84 High Street, Slough, Berkshire SL1 1EL, United Kingdom
    Get directions >>
  • 01753 424968 / 02035 988 621
  • 01753 437109
  • info@asmataccountants.co.uk

Reading Office

  • 365-367 Oxford Road, Reading, RG30 1HA
    Get directions >>
  • 0118 950 9841
  • reading@asmataccountants.co.uk



×
Request a Call Back