Our partners at Anthony Collins tell us everything you need to know about the rise in inheritance tax.

Screen Shot 2022-08-08 at 12.20.03

Firstly, what is inheritance tax?

Inheritance Tax (IHT) is a tax that is added to the estate of someone who has died, including all property, possessions and money. The standard Inheritance Tax rate is 40% and is only charged on the part of your estate that’s above the tax-free threshold which is currently £325,000.

Anthony Collins is a specialist law firm based in Birmingham and Manchester that offers legal services for businesses and individuals - and offers their services to deal with inheritance tax cases. 

A recent article written by Anthony Collins tells us everything we need to know about inheritance tax, and how the UK has seen a huge increase in inheritance tax receipts: Read the full blog here.