State Bar of Georgia
Justia Lawyer Rating
GA Association of Criminal Defense Lawyers

Important Things to Know About UK Inheritance Tax

When a passed UK relative or close friend leaves behind an inheritance, then it will most likely be subject to an Inheritance Tax. There are certain circumstances where only parts of inheritance leavings will be taxed, but in most cases, any inheritance and any lifetime gifts made in the last seven years of the deceased’s life, will be fall due of the UK Inheritance Tax.

It is not however the beneficiary that pays but will be taken from the inheritance before being handed down. However, the beneficiary must be aware they could be liable for other taxes, such as income tax or capital gains tax, if they make money from earning income or selling the assets they inherited. As with all taxes, it is all monitored and will be payable to HM Revenue and Customs.

If you are expecting an inheritance, it is always good to be aware of the types of taxes that the inheritance could be subject to.

Client Reviews
★★★★★
"Consistently delivers results. Glenn Stern has helped on numerous occasions: he saved me from various legal perils by consulting on legal matters. Glenn has also helped out at least twice by representing me in court, each time, the outcome has surpassed my expectations. Highly recommend.” Mark
★★★★★
"Glenn Stern is a great attorney! He is very charismatic and personable while also very professional and great at what he does! He responds quick and answers any questions you may have as a knowledgeable attorney. I highly recommend Stern as he helped me out greatly with my case. If need be, I would rehire him in an instant!” H.S.
★★★★★
"I found Mr. Stern to be true to his word. If he said he was going to do something, he did it! Upfront with what he would do and his expectations of result. He was right on target. Anytime I contacted him and he missed my call or email he was quick to reply as soon as he was able. I found Mr. Stern to be a lawyer with real integrity and genuine concern for his clients. I HIGHLY recommend him to anyone needing a criminal attorney." A.P.