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Probate and Inheritance Tax

Business Tax • IHT • Personal tax • Probate and Inheritance Tax • Tax Planning

Is inheritance tax HMRC’s biggest cash cow?

By RJP LLP on 26 September 2014

With house prices continuing to climb and no increase to the nil rate band, receipts from inheritance tax are on the up. The latest Treasury figures suggest takings have caught up with what they were before the economic crisis.

Our new infographic highlights just how much taxpayers are forking out for inheritance tax and how this has changed through the decades as prices of property have risen, fallen and are now rising steadily once again. Who is paying the most IHT? How does it vary around the UK and what can you do to minimise inheritance tax on your estate?

Our IHT infographic provides some useful tips.

Business Services

Probate and Inheritance Tax

If you have offshore assets, you must disclose them

As published on the official Gov.org website, if you are a UK tax resident and you hold a bank accou...

By RJP LLP on 22 November, 2023

Business Services • Business Tax • Personal tax

Self-employed and partnerships, plan to avoid a possible high

We have written a couple of articles about this issue and given how much money could be at stake, he...

By RJP LLP on 22 November, 2023

Business Services • Business Tax • Personal tax

How does the 2023 Autumn Statement affect you?

Today’s Autumn Statement was widely leaked over the past few days but it’s never official until ...

By RJP LLP on 22 November, 2023

I wanted to write and express our gratitude for your help and hard work in getting Probate through and settling all the taxes. I am so pleased that we selected RJP, as your professional help and updates throughout this process have been invaluable. If at any time in the future Probate assessment may be needed, you will be our first port of call. Once again, many thanks to the whole team.

Dan Cook, Probate client

I just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office.

I Evans, CFO, Mobliciti

Just a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks.

J Stanfield, Chairman, BBS Actuaries Ltd

I would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone.

M Goldsmith, Probate Client

RJP provide our company with a complete service which takes the stress and strain away from the day to day running of our accounts! Their understanding of our business and their patience and advice is invaluable.

Outsourcing Client

60 Day Deadline for CGT Returns and Tax Payments

If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.