London inheritance tax

Cookies on GOV. UK We use some essential cookies to make this website work. Accept additional cookies Reject additional cookies View cookies. Hide this message. Home Births, deaths, marriages and care Death and bereavement. How Inheritance Tax works: thresholds, rules and allowances. Print entire guide. Brexit Check what you need to do. If there is no will the estate is typically dealt with by a relative. You must pay inheritance tax by the end of the sixth month after the person died.

You can pay from your own bank account or a joint account you have with the deceased. This is called Confirmation in Scotland. You can find out more about how to pay an inheritance tax bill on the government website and if you would like further help understanding your inheritance tax responsibilities contact the government inheritance tax helpline.

Find out what an executor is and what the role of an executor is. When someone close to you dies, it can be hard to know what to do first. Find ways to help pay for a funeral and also people to talk to in this money guide.

A Royal London guide explaining what probate is, who applies for probate and when you need to get it. Find out what the average cost of a funeral is, what help is available towards the costs of a funeral and how to plan ahead to cover the costs. We work with clients and their solicitors to provide support preparing the complex IHT return that is required following a death. Our skilled professionals provide help and advice in relation to the reliefs that may be available and assist with valuations of shares and other assets.

We understand the areas where HMRC often raises enquiries — including valuations of property or shares, where business or agricultural reliefs are claimed, or where non-UK domicile is claimed. You can rest assured that we will lead these negotiations with HMRC and deal with the complex questions that arise. Most gifts are either wholly or partially exempt or are only taxed if the donor does not survive seven years.

Some gifts, such as to trusts or companies, are taxable when they are made. Making a return of such gifts is not part of the Self Assessment process and the time limit for the return and payment of the tax is normally six months after the gift is made.