HMRC Provide Calculator for New IHT Relief

Like many pieces of tax legislation, the 'additional threshold' (AT) for Inheritance Tax (IHT) – which, in simple terms, limits the potential IHT charge on high-value residential properties – is a lot more complicated than it looks at first sight.

However, HM Revenue and Customs have helpfully created a calculator which, when combined with other information extracted from the IHT forms, will enable the administrators of an estate to calculate how much AT is available.

Where AT is able to be claimed, it tapers for estates above £2 million. The relief is available where the death takes place on or after 6 April 2017.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
  • Contact Us

    Tel: 01276 681217
    DX: 46953 Frimley
    Fax: 01276 691290
    E: law@brooks-partners.co.uk

  • Let us call you back

     
    Your Details

    Please enter the letters shown

  • Online Enquiry

Stack of newspapers