Inheritance Tax Solicitors

Understanding Inheritance Tax

Inheritance Tax is payable if the deceased’s estate exceeds £325,000 (the Inheritance Tax Threshold).   For married couples and Civil Partners, there is the opportunity to transfer unused Threshold from the first death. Please see here.

Tax is charged at 40% of the value over the Inheritance Tax Threshold (or 36% if 10% or more of the estate is left to charity). Please see here.

Recently the Government announced that the Inheritance Tax Threshold would be increased, but only in respect of a person’s main home.  This additional amount is known as the “Main Residence Nil Rate Band” and will be phased in as follows:

  • £100,000 in 2017 to 2018
  • £125,000 in 2018 to 2019
  • £150,000 in 2019 to 2020
  • £175,000 in 2020 to 2021

For further information, click here.


When Does Inheritance Tax Have To Be Paid?

Inheritance tax must be paid within the first six months following a person’s death. If you are unable to pay the tax within this period, HMRC will begin to charge interest on future payments.

However, you must remember to get an inheritance tax number at least three weeks before you pay for it. This is easy to apply for – you can either apply for one online or via post.


Can I Lower The Amount of Inheritance Tax?

If you’re looking for ways to lower the amount of inheritance tax you have to pay, this can be done but it’s complicated. Some of the ways you can do this is by:

  • Leaving some sort of legacy to a charity
  • You can place some of your assets into a trust for your heirs
  • Leave your estate in your spouse or civil partner’s name
  • Instead of paying into a savings account, pay into a pension
  • Share up to £3,000 a year in gifts on a regular basis

The Costs

At Hepburn Delaney, we offer an initial meeting which enables you to meet with us to talk about what help you require and to decide whether we are the right solicitors for you. The likely costs involved for advising you will be calculated on an hourly rate and will depend on the complexity of the advice you require.

The Next Steps

If you have any queries regarding Child Custody, please do not hesitate to contact us. Feel free to call us on 01442 218090, send an email to or you can fill out our enquiry form and speak to one of our Inheritance Tax Solicitors.

Working with a family business

Hepburn Delaney was established in 2013 by Jane Hepburn and Rebecca Delaney who had worked together for several years before deciding to set up a specialist family law practice. Our intention has always been to provide a niche, bespoke service to clients seeking advice on a broad range of family matters and we remain committed to this approach.


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