Title Research is pleased to feature a guest author for their latest blog post. Andrea Pierce, Owner of Andrea Pierce Probate Services, presents a case study illustrating the Taper Relief scale. She is a qualified Solicitor and Trust and Estate Practitioner (Society of Trust and Estate Practitioners). Andrea has over 18 years of experience in probate and estate administration and was previously the Legal Services Director for a national estate administration business.
When it comes to Inheritance Tax, understanding the rules around Potentially Exempt Transfers (PETs) and Taper Relief is crucial. Many people don’t realise that gifts made within seven years of a death can be taxed, with the amount of tax being dependent on the size of the gift.
In this latest blog post, Andrea covers:
- Potentially Exempt Transfers (PETs)
- What Taper Relief is
- A case study on the Taper Relief scale
Title Research provides a range of genealogical research and asset repatriation services for legal professionals. Their services are designed to streamline the estate administration process, take the effort out of locating the correct people or assets, and mitigate the risk of future disputes or complications. If you have any questions about genealogical research, asset repatriation, or how you can work with Title Research, call them on +44 (0) 345 87 27 600 or email info@titleresearch.com.
This article was published by Title Research as part of their advertising agreement with Today’s Wills & Probate.
The views expressed in this article are those of the submitter and not those of Today’s Wills & Probate
