Inheritance Tax could be one of the biggest liabilities a family is to ever face, if you have assets over £325,000.00 or £624,000.00 for married couples/civil partnerships.
You have worked hard all your life to build up a legacy for you and your family but without effective planning your family could loose 40% of the wealth of the wealth you have built up above the value of £325,000.00 If you fail to plan for Inheritance Tax your estate is will be taxed at 40%.
Current Tax year April 2009 - April 2010 allows the first £325,000.00 of your estate to be taxed at 0%. This is know at the Nil Rate Band Threshold (NRB. Anything over this amount will be taxed at 40%. Therefore it is highly important to reduce you inheritance liability by way of estate planning
You have worked hard all your life to build up a legacy for you and your family but without effective planning your family could loose 40% of the wealth of the wealth you have built up above the value of £325,000.00 If you fail to plan for Inheritance Tax your estate is will be taxed at 40%.
Current Tax year April 2009 - April 2010 allows the first £325,000.00 of your estate to be taxed at 0%. This is know at the Nil Rate Band Threshold (NRB. Anything over this amount will be taxed at 40%. Therefore it is highly important to reduce you inheritance liability by way of estate planning
