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Inheritance Tax

Death Rate
%

Lifetime Rate
%

Chargeable transfers

2013/14 and 2012/13
£'000

Nil

Nil

0 – 325*

40

20

Over 325*

*Potentially increased for surviving spouses or civil partners who die on or after 9 October 2007.

Reliefs

       

Annual Exemption

£3,000

Marriage

 Parent

£5,000

Small Gifts

£250

 

 Grandparent

£2,500

 

 

 

Bride/Groom

£2,500

 

 

 

Other

£1,000

Reduced Charge on Gifts Within Seven Years of Death

Years Before Death

0-3

3-4

4-5

5-6

6-7

% of Death Charge

100

80

60

40

20

 

We offer a free initial meeting to discuss your needs - if you are interested please Contact Us

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How can we help?

We are a proactive firm of accountants who can assist you in all your financial needs in a friendly, efficient and professional manner.

Building partnerships, listening to your needs, and implementing a solid financial strategy is the backbone of our practice. 

Why work with us?

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  • Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/sites/westwaters.co.uk/public_html/framework/lib/sddb.class.php on line 166 About Us
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