Accountants for Inheritance Tax
Inheritance Tax is a tax on a person’s estate which includes their property, money and possessions. Inheritance Tax is paid if the estate is worth more than the threshold which currently stands at £325,000. Above the threshold there is a 40% tax liability from the estate, which may be reduced to as little as zero if the reliefs are claimed. If you are the executor or administrator of the estate you will need an accountant to advise you on any Inheritance Tax and other taxes you are eligible to pay. Your local AIMS accountant can advise on all aspects of Inheritance Tax.
As with all taxes there are deadlines for submission and Inheritance Tax must be paid six months after the person’s death and you may also be liable for other tax payments. Inheritance Tax may seem like a minefield but to an AIMS accountant Inheritance Tax is familiar territory.
Your AIMS accountant will make sure that your Inheritance Tax obligations are dealt with professionally and in a timely manner. Our accountants can also advise and assist with all of your other accounting and tax requirements. This leaves you with piece of mind to run and develop your business and with an AIMS accountant Inheritance Tax worries become history.
We do what you expect an accountant to do and we do it well
Tax, Accounting and Bookkeeping are time consuming and there are so many rules and regulations even we accountants despair at times. But as a business owner you can’t get away from these and they are simply tasks that need to be done and done well. The upside is you can hire a qualified accountant to do these for you, leaving you to concentrate on running and developing your business.
That's where we come in. AIMS accountants have the knowledge and expertise in all areas of accounting and are more than happy to take on the bean counting and number crunching for you. We will provide you with robust and cost-effective accounting advice and tax advice which includes:
- Tax and tax planning including Corporation Tax, Capital Gains Tax, Income Tax, Inheritance Tax, R&D Tax Credits, Self-Assessment Tax and VAT
- Accounting and Bookkeeping
- Regulation and Compliance
- Tax and Business Advice and Accounts Support
Ultimately we will take care of everything, allowing you to focus on running and developing your business – saving you time and money.