Inheritance Tax Solicitors

Each person has a nil rate allowance of £325,000. If the value of your estate is below this allowance, there is no inheritance tax to pay. If it is above this allowance, the excess is taxed at 40%. In the case of a married couple or civil partnership, any unused nil rate band from the estate of the first to die can be transferred to the survivor. This means that the estate of the survivor could benefit from a tax free allowance of up to £650,000, provided the wills have been structured correctly.

Did you know that……..

You can give away the sum of £3,000 annually. If you do not give it away one year, it can be rolled forward to the next year.

In the event of their marriage or civil partnership, you can give each of your children up to £5,000, each grandchild up to £2,500 and any other relative or friend up to £1,000.

If you are receiving more income than you need to live on, you can make gifts out of that surplus income which could be exempt from IHT.

If you leave a legacy of at least 10% of your net estate to charity you may be able to pay a reduced rate of Inheritance Tax of 36%.

If you own a business, depending on its nature and how long it has been trading, it could qualify for 100% relief from inheritance tax.

If you give your home away and continue to live in it until you die without paying a commercial market rent, it may still be included in your estate for inheritance tax purposes.

How we can help:

Inheritance tax is a complex area but can be mitigated with careful estate planning. At Paul Robinsons, we can provide specialised advice to assist you in taking maximum advantage of the exemptions and reliefs available and guide you on satisfying the technical HMRC rules that apply.

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I would like to thank you for the way in which you dealt with this matter all the way through. Particularly I would express my thanks for your prompt replies to all enquiries that I raised and for keeping me so well informed of the progress of the case.

Natasha Kelt, Litigation

I would like to thank you for a superb job well done. When you have never been in the position I found myself in, it was your calm and confident manner that reassured me you would do your very best. I will have no hesitation in recommending you to anyone who requires legal advice.

Jemmar Attfield, Commercial

We would like to thank you and your team so much for all the help and advice we received and for acting in a courteous and professional manner at all times. Thank you also Lee for patiently addressing all the issues we raised and for explaining everything to us so clearly, sometimes repeatedly, until you were satisfied we fully understood the more complex issues with our Wills; you personally, were highly recommended to us by one of your grateful clients. Likewise, we too would not hesitate to highly recommend you to anybody planning to make a Will.

Lee Hibell, Private Client
I cannot praise you and your team enough for the professional way you handled my situation, you have been so kind and reassuring in what has been a very emotional and distressing time.
Melanie Steeples, Family

I must say her handling of the transaction was first rate and very professional. Always available and she was never afraid to pick up the phone and share information when it was better to communicate that way rather than just email, a blessing in this day and age. Though both parties were keen for a quick exchange she never allowed that pressure to mean she cut any corners with her enquiries and was always working in my best interests.

I will be more than happy to work with her again in the future and will certainly recommend her to friends and associates who require similar services.

Amber Day, Property

Thank you for your prompt and concise response. That certainly makes things very clear and straight forward. Overall thank you for all your help and advice……. Should I need a solicitor in the future I will be sure to call your firm.

Michelle Breindel, Crime & Motoring