top of page

Potential for inheritance tax cut by Sunak

The move could result in the scrapping of the inheritance tax altogether.

Inheritance Tax is a tax on the estate, property, money and possessions of someone who has died.

Currently, inheritance tax in the UK is 40% for estates exceeding £325,000 in value, with an additional £175,000 allowance for the main residence if it is passed on to children or grandchildren.

Married couples can combine their allowances, transferring up to £1 million to their descendants without incurring any tax liability.

Among the proposals being considered is the possibility of Sunak reducing the 40% rate in the upcoming March budget, potentially setting the stage for its complete abolition in the coming years.

For more information about inheritance tax, visit

Alternatively, you can contact our wills and probate team at or on 01924 461 236.

16 views0 comments


bottom of page