Inheritance tax

Inheritance tax is a tax paid on the value of assets which are passed from one person to another upon death.

The value of those assets is determined as being a person's estate, including:

  • everything owned in their name i.e. property, money, savings and the  value of investments;
  • the share of anything owned jointly; and
  • certain gifts made in the previous seven years.

Against this total value is set everything that the deceased person owed, such as any outstanding mortgages or loans, unpaid bills and other sums due, as well as funeral expenses.

Under the current tax rules any assets passing to a spouse, registered civil partner or to charity on death are free of inheritance tax. An individual can also leave assets worth up to £325,000 to someone who is not a spouse, civil partner or charity without an inheritance tax liability. The value of assets passing to someone who is not a spouse, civil partner or charity over £325,000 will be subject to inheritance tax at the rate of 40%.

The portion of £325,000 which can pass to a non spouse tax free is known as the nil rate band.

Reducing your inheritance tax liability

There are a number of steps you can take to mitigate or reduce your potential inheritance tax liability, including:

  • Have an up to date will which has been written correctly to ensure those who you wish to benefit do so;
  • Transfer assets through prudent use of lifetime gifts; and
  • Establish a trust in your will which will come into effect when the first one of a couple dies.

Our experienced inheritance tax lawyers can review your circumstances with you and advise you on the most appropriate steps to take to reduce your inheritance tax liability. We can help you put in place an effective will that specifically meets your requirements as well as setting up any arrangements that may be advisable to protect your assets and to mitigate any potential inheritance tax liability.

Convenient meetings

We can meet you at either our Salisbury, Southampton or Poole office

Wills and marriage

Did you know when you say “I Do” your existing Will becomes invalid?

Inheritance tax

Want to know how to reduce your inheritance tax liability?

Read more

Meet the team

Partners

Gary Pick
Partner & Head of Private Client Services Group
Private Client
Poole
01202 339032
0779 381 6843
Private Client
Lloyd Thomas
Partner
Private Client
Poole
01202 339019
Private Client
Elizabeth Webbe
Partner
Private Client
Salisbury
01722 426943
07917 710 919
Private Client

Associates

Mihiri Gajraj
Associate & Head of Private Client Southampton
Private Client
Southampton
023 8082 0544
Private Client
James Hammersley
Senior Associate & Head of Private Client Salisbury
Private Client
Salisbury
01722 426952
07467 943446
Private Client
Sarah Richards
Associate and Head of Private Client Poole
Private Client
Poole
01202 339025
Private Client

Solicitors

Holly Algar
Solicitor
Private Client
Southampton
023 8082 0515
Private Client
Derek Bryer
Solicitor
Private Client
Salisbury
01722 426912
Private Client
Gary Cox
Consultant
Private Client
Poole
01202 339049
0782 601 9764
Private Client
Laura Stone
Solicitor
Private Client
Poole
01202 339038
Private Client
Martha Swann
Solicitor
Private Client
Poole
01202 339013
Private Client

Chartered Legal Executives

Jenny Shucksmith
Chartered Legal Executive
Private Client
Salisbury
01722 426973
Private Client

Tax Advisor

Paula Arnold
Trusts & Tax Practitioner
Private Client
Poole
01202 339039
Private Client

Paralegals

Rachel Kent
Paralegal
Private Client
Salisbury
01722 426991
Private Client
Jodie Sainsbury
Paralegal
Private Client
Salisbury
01722 426970
Private Client

Trainee Solicitors

Andrew Campbell
Trainee Solicitor
Private Client
Poole
01202 338555
Private Client
Simi Virdee
Trainee Solicitor
Private Client
Salisbury
01722 426990
Private Client

Legal Secretaries

Sarah Adams
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Jane Bilton
Legal Secretary
Private Client
Salisbury
01722 426907
Private Client
Karen Carter
Legal Secretary
Private Client
Southampton
023 8082 0452
Private Client
Sarah Cobb
Legal Secretary
Private Client
Poole
01202 338558
Private Client
Jane Fielding
Legal Secretary
Private Client
Poole
01202 339006
Private Client
Rachael Francis
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Ali Malone
Legal Secretary
Private Client
Salisbury
01722 426972
Private Client
Sandra Ross
Legal Secretary
Private Client
Poole
01202 339040
Private Client
Hayley Stack
Legal Secretary
Private Client
Poole
01202 339004
Private Client
Sonja Vine
Legal Secretary
Private Client
Poole
01202 339036
Private Client

General Staff

Helen Glatter
Chartered Accountant
Private Client
Poole
01202 339041
Private Client

Office Administrators

Kristine Neilande
Administrative Assistant
Private Client
Poole
01202 339046
Private Client
Emily Thompson
Administrative Assistant
Private Client
Salisbury
01722 426982
Private Client
Gary Pick
Partner & Head of Private Client Services Group
Private Client
Poole
01202 339032
0779 381 6843
Private Client
Lloyd Thomas
Partner
Private Client
Poole
01202 339019
Private Client
Elizabeth Webbe
Partner
Private Client
Salisbury
01722 426943
07917 710 919
Private Client
Mihiri Gajraj
Associate & Head of Private Client Southampton
Private Client
Southampton
023 8082 0544
Private Client
James Hammersley
Senior Associate & Head of Private Client Salisbury
Private Client
Salisbury
01722 426952
07467 943446
Private Client
Sarah Richards
Associate and Head of Private Client Poole
Private Client
Poole
01202 339025
Private Client
Holly Algar
Solicitor
Private Client
Southampton
023 8082 0515
Private Client
Derek Bryer
Solicitor
Private Client
Salisbury
01722 426912
Private Client
Gary Cox
Consultant
Private Client
Poole
01202 339049
0782 601 9764
Private Client
Laura Stone
Solicitor
Private Client
Poole
01202 339038
Private Client
Martha Swann
Solicitor
Private Client
Poole
01202 339013
Private Client
Jenny Shucksmith
Chartered Legal Executive
Private Client
Salisbury
01722 426973
Private Client
Paula Arnold
Trusts & Tax Practitioner
Private Client
Poole
01202 339039
Private Client
Rachel Kent
Paralegal
Private Client
Salisbury
01722 426991
Private Client
Jodie Sainsbury
Paralegal
Private Client
Salisbury
01722 426970
Private Client
Andrew Campbell
Trainee Solicitor
Private Client
Poole
01202 338555
Private Client
Simi Virdee
Trainee Solicitor
Private Client
Salisbury
01722 426990
Private Client
Sarah Adams
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Jane Bilton
Legal Secretary
Private Client
Salisbury
01722 426907
Private Client
Karen Carter
Legal Secretary
Private Client
Southampton
023 8082 0452
Private Client
Sarah Cobb
Legal Secretary
Private Client
Poole
01202 338558
Private Client
Jane Fielding
Legal Secretary
Private Client
Poole
01202 339006
Private Client
Rachael Francis
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Ali Malone
Legal Secretary
Private Client
Salisbury
01722 426972
Private Client
Sandra Ross
Legal Secretary
Private Client
Poole
01202 339040
Private Client
Hayley Stack
Legal Secretary
Private Client
Poole
01202 339004
Private Client
Sonja Vine
Legal Secretary
Private Client
Poole
01202 339036
Private Client
Helen Glatter
Chartered Accountant
Private Client
Poole
01202 339041
Private Client
Kristine Neilande
Administrative Assistant
Private Client
Poole
01202 339046
Private Client
Emily Thompson
Administrative Assistant
Private Client
Salisbury
01722 426982
Private Client

First person - Wills, trusts and probate

Karen Perugini