Tax Issues

Tax obligations and reliefs that affect estates and beneficiaries after death. Topics include inheritance tax calculations, bereavement benefits and strategies to reduce tax liability.

5 Tips to Cut Your Inheritance Tax Bill

Simple steps to reduce what your heirs will owe in inheritance tax through smart planning and legal tactics.

Bereavement Payments and Bereavement Benefits

When your partner dies, you may qualify for a one-off £2,000 bereavement payment plus ongoing monthly benefits to help with lost income.

Cut Your Tax Bill with Charitable Giving

Give to charity through your will and reduce what your heirs pay in inheritance tax while supporting causes you care about.

Debt After Death

Your debts don't disappear when you die—they must be paid from your estate by your executor or administrator.

How Much Tax Should I Pay?

You only pay Inheritance Tax if your estate exceeds £285,000, and even then, there are common exceptions like leaving everything to your spouse.

Informing the Inland Revenue of a Death

You must register a death within five days and notify the tax office, but timing and paperwork requirements vary depending on the deceased's circumstances.

Off Shore Accounts

Offshore accounts are legal banking options that let you hold money outside the UK and potentially pay less tax.

Tax Issues for Co-habitees

Unmarried couples miss out on inheritance tax breaks that married partners and civil partners get, which can cause serious financial problems.

Terminal Illness Benefits

If you have a terminal illness, you likely qualify for government benefits like Disability Living Allowance to help cover care and living costs.

What Is Discretionary Will Tax?

How discretionary wills help married couples reduce inheritance tax when their combined assets exceed the threshold.

What Is Inheritance Tax?

Understand how inheritance tax works in the UK, including rates, nil rate bands, and what assets are subject to the 40% charge.