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Inheritance Tax threshold changes
From the 6th April 2009 the Inheritance Tax threshold has increased from £312,000 to £325,000.
Since October 2007, it has been possible to transfer any unused Inheritance Tax threshold from a late spouse to the second spouse when they die. This can increase the Inheritance Tax threshold of the second partner from £325,000 to as much as £650,000 depending on the circumstances.
If you would like further information about the services we offer or have enquiries about wills, probate, powers of attorney or deputyships generally please contact Alison Kemsley or Tara Pitts on 020 8303 0077. Alternatively email AKemsley@chancellors.com or TPitts@chancellors.com.
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