• December 5, 2023
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Inheritance Tax interest rates continue to rise

Inheritance Tax interest rates continue to rise

As Inheritance Tax (IHT) interest rates continue to increase, Personal Representatives face additional financial burden when settling a deceased person’s estate. Throughout 2023, the interest rate on unpaid IHT has increased six times. On 22nd August 2023, interest increased to 7.75% – an increase of 1.75% from January 2023 – and interest on repayments increased to 4.25%.

In Kings Court Trust’s latest blog, they explain when interest is due on Inheritance Tax and compare the current interest rates with the previous increases implemented throughout 2023.

Click here to read the blog.

Kings Court Trust is an award-winning estate administration provider that takes care of the practicalities after death. Their full suite of estate administration solutions is designed to support all families. By providing free, practical advice on the next steps following a bereavement, they can support your clients and add value to your business.

  • Regulated by the Institute of Chartered Accountants in England & Wales (ICAEW)
  • Trusted provider of estate administration for large UK-listed companies
  • Offer a generous referral fee for referrals that result in business
  • Provide access to a unique portal for support and updates on cases
  • Fixed and transparent pricing
  • Free, secure document storage for important client documents
  • In-house legal and tax experts to advise on any situation

The Kings Court Trust model is also geared towards the introduction of potential new clients. Provided that consent is given by the beneficiaries of an estate, they’ll introduce them back to your business to help you grow your client base.

If you have any questions about probate, estate administration, or how you can work in partnership with Kings Court Trust, call them on 0333 207 5470 or email partners@kctrust.co.uk.

This article was submitted to be published by Kings Court Trust as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.

Kings Court Trust

http://www.kctrust.co.uk/

Kings Court Trust Kings Court Trust is one of the UK’s leading estate administration service providers. Since 2002, we have helped thousands of families manage the estates of their loved ones and we specialise in proving a comprehensive, efficient and cost-effective solution at their time of need. Our tax and legal teams have the expertise to advise on any situation. We know how to handle intestacy, locate missing beneficiaries, deal with foreign shares and reseal a Grant of Probate. Our customers are at the heart of everything we do. We understand that dealing with the estate of a loved one can be a stressful and emotional process which is why we pride ourselves on doing all the hard work for our customers when they need it most. We are committed to offering families a great service for a fair price which is why we work on a fixed fee basis so they know exactly what our service will cost from the outset. We work closely with a growing network of business partners across the UK including Will Writers, Independent Financial Advisers, Funeral Directors and other professionals. Our aim is to develop thriving professional relationships in order to help our partners grow their business and provide their clients with the highest quality estate administration service. Company address Kings Court Trust, Spectrum Building, Bond Street, Bristol, BS1 3LG Tel: 0300 303 9000 Name: Danielle Ricketts – Marketing Manager Tel: 0300 303 9000 ext. 5450 Email: danielle.ricketts@kctrust.co.uk Connect on Linkedin Name: Simon Hancox – CEO Email: simon.hancox@kctrust.co.uk Connect on LinkedIn

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