Understanding Inheritance Tax and probate and what to do before and after a death
Inheritance Tax
Introduction to Inheritance Tax What is Inheritance Tax, who pays it and when, rates and thresholds, transferring an unused threshold, handling probate
Inheritance Tax when passing on money or property What you can give away - gifts that are exempt from Inheritance Tax, passing on your home, tax reliefs and setting up a trust
How to value the estate of someone who has died What makes up an estate, how to value the assets, deal with the debts and work out if Inheritance Tax is due
Forms for probate and Inheritance Tax Find the forms you need - IHT205, PA1 Probate Application Form and form IHT400, which has replaced the IHT200
Paying Inheritance Tax Who pays Inheritance Tax, when it's due, ways to fund a payment and how to calculate interest on unpaid tax and instalments
Inheritance Tax and trusts How Inheritance Tax applies to trusts - relevant property, charges on transfers into and out of trusts, ten-year charges, more
Tax when you inherit money, assets or property What tax you may owe on an inheritance and how decisions you make may affect your future tax
Inheritance Tax for solicitors and tax advisers Manuals, detailed guidance and newsletters for Inheritance Tax specialists, how to get authorisation to act on a client’s behalf
