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Is inheritance tax payable?

inheritance tax Payable
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Is inheritance tax payable?

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No inheritance tax is payable on any element of an estate which passes from the deceased to his/her spouse. No inheritance tax is payable on any estate whose net value is less than £312,000. Accordingly, as our scheme operates only in cases where the gross estate does not exceed £312,000 no inheritance tax is payable on any matter that is dealt with under the scheme.

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No inheritance tax is payable on any element of an estate which passes from the deceased to his/her spouse, and no inheritance tax is payable on any estate with a net value less than £325,000.

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