As a firm specialising in probate one of the first questions we are asked regardless as to the value of the estate, is whether any tax is payable and why does an inheritance tax return have to be completed ? in all applications for probate, a tax return must be completed. the current Inheritance tax threshold is £325,000, with tax charged at 40% above this. There are of course a number of reliefs available. All assets passing between spouses are exempt, while it is possible transfer all or a percentage of the unused spouse exemption on the death of the second spouse. If any reliefs are being claimed, it is always sensible to seek legal help.
We offer a fixed fee probate service, and if you need help applying for probate call us now on 01482 429985 , we operate across the UK.