Back to glossaryGlossary term
Inheritance Tax
Tax paid on the estate of someone who has died. Currently 40% on assets over £325,000, with additional reliefs available for property passing to direct descendants.
Figures are UK rates and change each April. Source: GOV.UK — Inheritance Tax
Relevant to:Widowhood
Still not sure what this means for you?
Ask Helena, our AI companion, for guidance tailored to your situation.