Reporting and Paying Inheritance Tax

When someone dies and their estate owes Inheritance Tax, you normally need to pay this tax before you can obtain probate (the legal right to deal with their estate). However, if you cannot access the deceased's assets without probate, you may be able to postpone payment by applying for what's known...

4 min read

Inheritance Tax must be paid by the end of the sixth month after someone dies, and you'll usually need to make at least a partial payment before you can apply for probate. The good news is there are several ways to pay, including from your own bank account (which you can recla...

5 min read

When someone leaves gifts in their will "free of tax", working out exactly how much Inheritance Tax is due can become complicated. HMRC provides two specialist calculators to help with these complex situations: one for grossing up calculations when gifts are left free of tax, and another for...

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When someone dies and their estate is below certain value thresholds or exempt from Inheritance Tax, it may qualify as an "excepted estate". If you're dealing with an excepted estate, you'll benefit from a simpler reporting process that requires less paperwork than a full Inheritance Tax return....

4 min read