Tax — Blog — The Will Bureau

How To Calculate the Inheritance Tax Due on An Estate

When I meet clients and we start to discuss what they’d like to achieve in making their Will or through general estate planning, one of the questions constantly asked is Jules, but how do I calculate inheritance tax (IHT)? Thus, this guide aims to explain what IHT is, how to work out what you need to pay and when. Therefore, you can be on the ball before we meet!

IHT, Inheritance Tax, Nil Rate Band, NRB, Transferable Nil Rate Ban, TNRBJules Jack12 February 2020Tax, Wills

Proposed Reforms to Inheritance Tax

On 29 January 2020, the APPG published an informal report on Reform of inheritance tax (IHT). This report comes at a time when many are expecting a range of tax reforms. The report considers a range of reform options but its key recommendations look to simplify IHT and lower the tax rate charged.

Inheritance Tax, IHT, Wills, All Party Parliamentary G, APPG, Tax ReformJules Jack12 February 2020Tax, Wills Comment