Education Archives - Page 4 of 4

What is Inheritance Tax?

by admin | Mar 4, 2022 | Education, Inheritance Tax, Investments, Protection, Retirement, Savings

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. How much is Inheritance Tax? There is normally no tax to be paid if: $ The value of your estate is below the Nil-Rate Band of £325,000, or $ You leave everything above...

What is Business Property Relief?

by admin | Mar 4, 2022 | Education, Inheritance Tax, Investments, Savings

Business Property Relief was introduced by the government in 1976. Back then, its main aim was to ensure that after the death of the owner, a family business could survive, without having to be sold or broken up to pay an inheritance tax liability. Since then,...

What is the Residence Nil-Rate Band?

by admin | Mar 4, 2022 | Education, Inheritance Tax

Residence Nil-Rate Band The residence nil-rate band is in addition to the standard nil-rate band, which is £325,000. The residence nil-rate band is £175,000. These are, however, the maximum amounts available per individual. The residence nil-rate band will be reduced...