Inheritance Tax Planning

If you're searching for clear Inheritance Tax Planning, we at Mortgage & More are here to guide you every step of the way. Tackling inheritance tax planning might seem overwhelming, but we make it easy for you to understand, helping you manage the estate of a loved one or put your own planning in place for peace of mind. Our experienced, qualified team is committed to providing reliable support, whether you're dealing with a straightforward case or more complex arrangements involving Wills & Power of Attorney.

With Mortgage & More, you'll always receive impartial guidance from our mortgage brokers in Kent without any jargon or confusion. We know the rules inside out & want to ensure you only pay what's absolutely necessary, while protecting your assets for future generations. 

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What is Inheritance Tax?

Inheritance Tax is a tax on the estate, meaning the property, money, & possessions, of someone who has died. In the UK, there's normally no Inheritance Tax to pay if either:

1. The value of your estate is below the £325,000 threshold

2. You leave everything above the £325,000 threshold to your:

  • Spouse
  • Civil partner
  • A charity
  • A community amateur sports club

For many people, understanding these exemptions & the rules can be confusing. That's why our independent team at Mortgage & More makes things simple: we'll clarify the inheritance tax threshold for 2025, & explain how giving away your home to children or grandchildren can increase your threshold up to £500,000.

If you're married or in a civil partnership & your estate is worth less than your threshold, any unused threshold could be added to your partner's allowance when you die. Even if your estate is under the threshold, you may still need to report its value, so it's always worth seeking professional inheritance tax advice.

Valuing an Estate to See if Inheritance Tax Is Due

The first step in inheritance tax planning is correctly valuing the estate. At Mortgage & More, our expert team can help you work out whether Inheritance Tax applies. This involves adding up the value of all assets, (homes, possessions, money, & investments) then deducting any debts, such as outstanding loans, household bills, & funeral expenses. It's important not to overlook jointly owned assets or any interest the deceased had in trusts.

Lifetime gifts are another consideration; while many are exempt, some gifts made within seven years of death might still count towards the estate's total. Our impartial advice ensures that you know exactly what needs to be included, so there are no surprises & you remain compliant while maximising what you or your loved ones can pass on. We're always available to offer guidance, & can draw on our complete guide to decoding the jargon around inheritance tax for clarity.

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Why Choose Mortgage & More for Inheritance Tax Help?

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Expert Advice

Whilst not Tax Advisers, we will work with you to understand the value your estate, look at your liability and then structure a plan to assist reduce and tax payable. All completed in a friendly approachable, but profession way.

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Highly Approachable

We're proud to offer friendly, jargon-free assistance that helps you feel comfortable asking questions & discussing what matters most to you. No query is too small, & no situation too complex.

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Jargon Free

We believe in clear communication, our comprehensive guide breaks down complex terms & conditions so you always understand your options. Our advice is practical, honest, & always tailored to your needs.

 

 

 

Inheritance Tax: Frequently Asked Questions

What is inheritance tax and when does it apply?

Inheritance tax is charged on an estate after someone dies. It typically applies when the value exceeds the threshold, with some exemptions available.

How much is the current inheritance tax threshold in 2025?

The inheritance tax threshold for 2025 is £325,000, or up to £500,000 if a home is left to children or grandchildren.

Who pays inheritance tax and how is it collected?

Inheritance tax is usually paid from the estate before distribution to beneficiaries, typically by the executor or administrator.

Can inheritance tax be reduced or avoided?

Yes, inheritance tax can be reduced through exemptions and allowances. Gifts, Wills, and Power of Attorney planning all play a part in minimising liability.

When is inheritance tax due after someone dies?

Inheritance tax is due within six months after the end of the month the person died. Interest may be charged if payment is late.

How can Mortgage & More help with inheritance tax advice?

We offer support and knowledge to assist value your estate, calculate the potential liability and then work together through a range of options to minimise any Inheritance tax payable.

 

Take the First Step in Protecting Your Family's Legacy

Ready to discuss effective, impartial inheritance advice for you or your loved ones in Maidstone? Contact Mortgage & More today on 01634 235132 or email info@mortgageandmore.co.uk. We'll make sure you feel supported every step of the way, from your first question to complete peace of mind.

 


 

 

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