Inheritance Tax This is a tax on your estate (your assets including properties, savings minus your debts). The threshold ie nil rate band is currently £325,000. This means your estate value up to this amount is tax-free. If your estate is worth more than this, any amount over £325,000 is charged 40% and this is … Continue reading
Should you register for a personal tax account with the HMRC? Yes, you absolutely should! You can use your personal tax account to: – check your Income Tax estimate and tax code – fill in, send and view a personal tax return – claim a tax refund- check your income from employment in the previous … Continue reading
