Call us today

Research reveals Inheritance Tax hotspots across the UK

Get in touch today - call Kent on 01634 570 390 or Surrey on 01737 370 493

Book a FREE consultation

If you would like to get some impartial advice, simply book a free consultation and we'll get in touch with you as soon as we can.

Research reveals Inheritance Tax hotspots across the UK

New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance Tax (IHT).

The study showed that 658 estates were subject to the tax the town in 2015/16, paying on average £231,000 each.

In comparison, Wigan in Greater Manchester saw just 31 estates liable for IHT during the same period.

After Guildford, families living in South West London were the next most likely to pay Inheritance Tax (IHT), primarily as a result of higher property prices.

While the largest average bills for estates came from affluent families living in West London, who on average were liable for an IHT bill of £390,000.

Jane Morgan, Business Manager at Direct Line Insurance, the company behind the research, said: “If you are concerned about the amount of tax that may be payable on your estate when the time comes, you could seek independent advice and investigate transferring money to beneficiaries early as a gift, or placing assets into trust to reduce your liabilities.”

Link: Inheritance Tax Hotspots

Top

Urgent COVID-19 Notice
Working From Home

Our first priority is the health and well-being of our team and our community. Therefore, with a heavy heart we have made the decision to temporarily work from home with immediate effect.

We are listening to the government’s daily updates, taking each day as it comes, and will reopen our offices as soon as it is safe to do so.

If you have any questions or need to discuss any issues at all please do email or call us on our usual number 01634 570 390.

The general email is enquiries@orchardaccountants.co.uk.

We hope everyone is keeping well and staying safe.

This website uses cookies to enhance your browsing experience... moregot it