Inheritance Tax: An Overview
Inheritance tax (IHT) is charged on chargeable transfers made by an individual during their life and on the value of their estate on death.
Tax is charged at 40% on death and at 20% on lifetime chargeable transfers to the extent that a person's estate or the lifetime transfer exceeds the nil-rate band. There are various reliefs and exemptions available which can reduce the overall amount of IHT due.
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Contributors
Jonathan Conder
Partner
London
Ross Davidson
Partner at Stephenson Harwood LLP, Registered Foreign Lawyer (England and Wales)
Hong Kong
Jordan Ellis
Partner
Dubai
Alastair Glover
Partner – Head of Private Wealth, Middle East
Dubai
Suzanne Johnston
Partner - Head of Private Wealth, Singapore
Singapore
Ronnie Myers
Partner
London
Beatrice Puoti
Partner - Head of Private Wealth, London
London
James Quarmby
Partner
London
Michael Rutili
Partner
London
Carolyn O'Sullivan
Senior Knowledge Lawyer
London
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