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Return to Financial Services HomeInheritance Tax

For many of us the increase in value in our family homes means that we should investigate if we may have a potential liability to Inheritance Tax (IHT).

If you are single, IHT is currently levied at 40% on taxable assets in excess of £312,000 (2008/9). For married couples and those in civil partnership the cumulative threshold is taxable assets in excess of
£624,000 (2008/9).

With careful planning and good advice, the impact of Inheritance Tax can be mitigated or even removed altogether.

Advice is given on Bank of Ireland Financial Services' understanding of current law and HM Revenue & Customs practice, both of which may change in the future.

 

To set up a meeting with an Adviser call us today on 028 9043 3000.


For full Terms and conditions, please refer to our Guide to Personal Banking - 126KB PDF Document.


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