Paigham Mustafa


03 Jul: Inheritance Tax

Efficient use of Reliefs and Exemptions

Inheritance Tax is a tax levied by HMRC on property, money and other possessions of a person who has died. The standard tax rate is 40% on the outstanding amount above the threshold. Some gifts you give while you’re alive may be taxed after your death depending on how many years you live after the gift is given.