Will My Estate Pay Inheritance Tax?

Many people are unsure whether Inheritance Tax will apply to their estate. Whether tax is payable depends on the value of the estate, the available allowances, and the circumstances in which assets are passed on.

Inheritance Tax may arise when the value of an estate exceeds the available tax-free thresholds in force at the relevant time.

The overall position can depend on a number of factors, including the value of property, savings, investments, business interests, and who the beneficiaries are.

Certain exemptions and reliefs may apply. For example, transfers between spouses or civil partners can often be treated differently, and additional allowances may be available where a home passes to direct descendants.

For some estates, no Inheritance Tax is payable. For others, planning ahead can make a significant difference.

A properly drafted Will can form part of wider estate planning by helping ensure assets pass in the most appropriate way.

Because tax rules can change, individual advice is often important where larger or more complex estates are involved.

Back to Ultimate Guide

FAQ

Does every estate pay Inheritance Tax?

No. Many estates do not pay Inheritance Tax.

What affects whether tax is payable?

The value of the estate, available allowances, reliefs, and who inherits.

Can a Will help with tax planning?

In some cases, yes. A Will can form part of wider estate planning.

Do tax rules change?

Yes. Thresholds and rules can change over time.

If you would like advice on Wills or estate planning, MJV Solicitors provide clear guidance and transparent pricing.

Purchase price	Our fee	VAT	Total
£0-£100,000	£600	£120	£720
£100,001 - £150,000	£650	£130	£780
£150,001 - £200,000	£700	£140	£840
£200,001 - £250,000	£750	£150	£900
£250,001 - £300,000	£800	£160	£960
£300,001 - £400,000	£850	£170	£1020
£400,001 - £500,000	£900	£180	£1080
£500,001 - £750,000	£1000	£200	£1200

Additional charge and explanation	Our fee	VAT	Total
Bank transfer fee	£30.00	£6.00	£36.00
Independent ID verification (per person)	£5.00	£1.00	£6.00

Charge	Our fee	VAT	Total
Purchase of a leasehold house	£100.00	£20.00	£120.00
Purchase of any other leasehold property	£150.00	£30.00	£180.00
Purchase of a shared ownership property	£250.00	£50.00	£300.00
Gifted deposit	£50.00	£10.00	£60.00
New build property	£250.00	£50.00	£300.00

Local Authority’s current search fee (if Blackpool, Wyre or Fylde)	£122.70 inc VAT
Drainage and Water search fee	£79.50 inc VAT
Environmental search	£71.40 inc VAT
Land Registry priority title search	£3.00 no VAT
Bankruptcy search - £2 per seller named on the Register of Title	£2.00 no VAT
Land charges search - £2 per seller named on the Register of Title	£2.00 no VAT

Purchase price	Land Registry registration fee (no VAT)
£0 - £80,000	£20.00 no VAT
£80,001 - £100,000	£40.00 no VAT
£100,001 - £200,000	£100.00 no VAT
£200,001 - £500,000	£150.00 no VAT
£500,001 - £1,000,000	£295.00 no VAT
£1,000,000 and above	£500.00 no VAT

Will My Estate Pay Inheritance Tax?

FAQ

Call: 01253 858231

info@mjvlaw.co.uk

Cleveleys Office

Blackpool Office

Conveyancing price guide

Introductory paragraph explaining price transparency and why the costs are displayed below.

Purchasing

Selling

Purchase price	Our fee	VAT	Total
£0-£100,000	£600.00	£120.00	£720.00
£100,001 - £150,000	£650.00	£130.00	£780.00
£150,001 - £200,000	£700.00	£140.00	£840.00
£200,001 - £250,000	£750.00	£150.00	£900.00
£250,001 - £300,000	£800.00	£160.00	£960.00
£300,001 - £400,000	£850.00	£170.00	£1020.00
£400,001 - £500,000	£900.00	£180.00	£1080.00
£500,001 - £750,000	£1000.00	£200.00	£1200.00
Over £750,000	To be negotiated	To be applied	To be agreed