What is inheritance tax and will it be due on the estate?

Inheritance Tax is charged on the value of an estate above the available nil-rate bands. Not all estates are liable. Smaller estates, those passing entirely to a surviving spouse or civil partner, and those with significant reliefs such as Business Property Relief or Agricultural Property Relief may pay little or no IHT. We calculate the IHT position and prepare the HMRC inheritance tax return as part of the probate process. For current IHT thresholds visit gov.uk/inheritance-tax.