NEED TO KNOW – Changes to Inheritance Tax in April 2018

Close-up Human Hand with Megaphone on background

From 6 April 2018 the residential nil rate allowance increases from the current allowance of £100,000 per person to the new allowance of £125,000 per person.

The nil rate allowance that applies to everyone remains frozen at £325,000 per person. This nil rate allowance applies to all property (e.g. cash, cars, jewellery, houses).

As a result, married and civil partners who have the benefit of acquiring their deceased spouse’s inheritance tax allowance, have the potential to pass on up to £900,000 without having to pay inheritance tax.

Quick Enquiry

Meet The Head Of Department

Katherine Law Michael Lewin Solicitors

Katherine Law

Solicitor

Call 0113 200 9787 to speak to one of our solicitors.

CONTACT US TODAY

Simply complete this short form and one of our experts will be in touch soon.

Your confidentiality is always assured and we aim to provide excellence in our client care.

WHAT CLIENTS SAY

See what our customers think of us…

find out more

MEET THE SOLICITORS

See staff from this department

find out more

FACEBOOK FEED

If, like many other people, you have been putting off writing your will, this is your chance to make it right. #Makeawillmonth ... See MoreSee Less

View on Facebook

RELATED NEWS

NEED HELP WITH THIS SERVICE – CLICK TO CONTACT US