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The combined tax-free allowance has risen from £325,000 to £650,000. However this increased allowance only applies to married couples and civil partners (or widows/widowers); Single and cohabiting couples with assets over £325,000 may still find themselves liable for Inheritance Tax in the event of their death.
Inheritance tax liability can be significantly reduced or avoided by careful tax planning.
We can help you to decide which is going to be the most tax efficient route for you and ensure that plans are put in action now to avoid the government, rather than your next of kin, benefiting from the assets you have built up.
Solicitors of Choice for: Frimley, Camberley, Aldershot, Farnborough, Fleet, Farnham, as well as the wider Surrey and North East Hampshire areas.