Wealth Tax and Inheritance
Wealth Tax and Inheritance Solicitors, London. International.
At KaurMaxwell, we can advise you on how to plan ahead and manage your money so that tax, including inheritance tax, is not an issue. Inheritance tax may be payable on your estate when you die. This can include assets, such as your home, cars, jewellery, works of art, savings and investments and any other properties or land, even if this is abroad.
For inheritance tax to apply, a person’s estate must be over the current Nil Rate Band of £325,000. This threshold is available to everyone, so where a couple are married or in a civil partnership, there is a potential £650,000 which can be used to offset the inheritance tax liability. This is subject to certain conditions and we can provide you with the relevant advice based on your circumstances.