Are you looking for a solicitor to assist you with inheritance tax planning? Our Manchester inheritance tax solicitors have years of experience in this area of law and are on hand to help you get your affairs in order.
If the value of your estate is less than £325,000 or you leave everything to a spouse or civil partner, no tax will be payable. Otherwise, the current inheritance tax rate is 40% and is charged on the part of your estate that is over the £325,000 threshold.
The amount of inheritance tax you will be required to pay is based on the value of your estate. Your estate includes:
Everything you own when you die, including property, cash, cars, and jewellery
The value of any assets which you have given away but still gain a benefit from
The value of any gifts made to you in the last seven years of your life
Your share of anything you own jointly with another person
Calculating your likely inheritance tax bill is not always straightforward, as the amount will depend on how you allocate your estate in your will, and whether you choose to leave gifts to your loved ones in the years prior to your death. Our team will be happy to advise what impact your actions may have on your final inheritance tax bill.
To speak to one of our Manchester inheritance tax solicitors, call us on the number below or complete the form on the right and we will call you back.
E & K Solicitors
Tel: 0161 256 3915
From our offices in Rusholme, our experienced solicitors can assist with the following areas of law;
Conveyancing, crime, licensing advice, motoring offences, personal injury claims, probate, Wills, and more.
Speak to our team for more information