Inheritance Tax is paid if a persons estate (their property, money and possessions) is worth more than £325,000 when they die (unless they're married and with a will).
The rate of inheritance tax is 40% on anything above the threshold. The rate may be reduced to 36% if 10% or more of the estate is left to charity.
The executor of the will or administrator of the estate normally pays inheritance tax using funds from the estate.
Goddards Accountants are experienced in completing and submitting form IHT400 with the application for probate (or if no Inheritance Tax due, form IHT205).