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Inheritance Tax

Inheritance tax (IHT) is payable on estates worth more than £325,000; anything below this is known as the nil-rate band and is not subject to tax. Inheritance tax is currently charged at 40% of the value of your estate which exceeds the nil-rate band.

As of April 2017 an additional £100,000 nil-rate band was introduced, which will increase each year until 2020/2021 to reach £175,000 to give a combined nil-rate band of £500,000 for individuals and a combined £1 million for married couples and civil partners. This extra nil-rate band only applies if you pass your property to direct lineal descendants.

At Rotheras we understand that when you have worked hard to build up your estate and assets you want to hold on to this wealth to pass on to future generations. Our private client team will work closely with you to provide tailored solutions to minimise the amount of inheritance tax you have to pay.

The rules surrounding inheritance tax relief and exemptions are not easy to navigate but we can advise you on the best strategies for making the most of your wealth.

Why use Rotheras for minimising the amount of Inheritance Tax?

We get to know you and your individual circumstances so we can provide you with the best options for minimising IHT based on your wealth, assets, who will benefit from your estate and what finances you require.

We can draw on the experience of our Wills, Probate, Property and Family Law teams where necessary.

We have a network of independent financial advisors we work closely with who we can refer you to for financial advice.

We can advise you on drafting or updating wills or trusts to take advantage of IHT relief.

We can advise you on lifetime gifting to minimise the size of your estate and the amount of IHT liable.

We can advise you on IHT relief where you have a trading business or agricultural business or property.

We can advise you on making gifts to charity or leaving a percentage of your estate to charity to reduce the IHT rate.

We can advise you on transferring money between spouses or civil partners, which are exempt from IHT.

Contact our Wills and Probate Team

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“We’re upfront about costs – so there’s no hidden surprises”

Jayne Smith
Head of Wills and Probate

If you’re happy then we’re happy too.

4.8 169 reviews

Posted 27 January 2020

This was my first experience using a solicitor, something I felt quite daunted about. Rothera Sharp (Greg and Petra) put me at ease and were very helpful.

Mollie Fish

Posted 27 January 2020

Last year I experienced a car accident, as a front seat passenger. I put forward a personal injury claim with Rothera Sharp. From start to finish, my claim has been dealt with efficiently and professionally, and I have always felt my best interests were considered. All communications were made via letter or email to inform me of all further updates. My claim has now come to an end and I am very happy with the overall outcome. I would recommend Rothera Sharp for their service.

Samya Green

Posted 4 February 2020

We cannot recommend Chris Powell of Rothera Sharp more highly. Mr Powell demonstrated the upmost professionalism with a high level of knowledge of the area for which he was representing us. Anyone needing representation/advice regarding the area of haulage will find that Chris Powell and Rothera Sharp are the best choice.

Karen Walker

Posted 4 February 2020

Claim dealt with efficiently and to a satisfactory conclusion. Wayne Vickers visited me at home initially and explained everything thoroughly. Professional service throughout. Recommended

Clare Stevens

Contact our Wills and Probate Team
Wills, Probate & Trusts Team
Christina Yardley

Christina Yardley

c.yardley@rotheras.co.uk

Christina‘s expertise covers a full range of private client services including Wills, Probate, Trusts, Care Fees Planning, Power of Attorney, Court of Protection, Tax Planning and Conveyancing.

Jeremy Allen

Jeremy Allen

j.allen@rotheras.co.uk

Jeremy Allen is a Wills, Probate and Trusts specialist at Nottingham based law firm Rotheras Solicitors and is based at our Lace Market offices in the heart of Nottingham City Centre.

Duncan Godfrey

Duncan Godfrey

d.godfrey@rotheras.co.uk

Duncan Godfrey is a Probate, Trusts and Residential Conveyancing Solicitor at Nottingham based Rotheras Solicitors and is located at our offices in the Lace Market and Burton Joyce.

Karen Hayward

Karen Hayward

k.hayward@rotheras.co.uk

Karen Hayward is a Wills, Probate and Trusts specialist at Nottingham-based law firm Rotheras Solicitors and currently operates in our Beeston office.

Jayne Smith

Jayne Smith

j.smith@rotheras.co.uk

Jayne Smith leads the Wills and Probate department at Nottingham based Rotheras Solicitors and is currently based in our Wollaton office.

Nelissa Hicks

Nelissa Hicks

n.hicks@rotheras.co.uk

Nelissa has over 17 years’ experience as a Wills, Probate, Tax and Trusts solicitor and is based at our Mapperley office. An experienced Senior Associate with a demonstrated history of working in the legal services industry. Skilled in Inheritance Tax Planning and the Administration of Trusts and Estates.

Rebecca Green

Rebecca Green

r.green@rotheras.co.uk

Rebecca Green is an Associate Chartered Legal Executive in Rotheras Wills and Probate department and specialises in will drafting, estate administration, lasting powers of attorney and court of protection applications. Rebecca is currently based in our Long Eaton office.

Petra Feast

Petra Lewis-Feast

p.feast@rotheras.co.uk

Petra Lewis-Feast is a senior lawyer within the wills and probate team. She has worked as a private client specialist since she qualified in 1993. Petra is currently based in our head office in the Lace Market

Eleanor Robinson

Eleanor Robinson

e.robinson@rotheras.co.uk

Eleanor Robinson is a Wills, Probate and Trusts specialist at Nottingham-based law firm Rotheras Solicitors and is based at our West Bridgford office.

Sarah Soo

Sarah Soo

s.soo@rotheras.co.uk

Sarah Soo is a Wills and Probate specialist at Nottingham-based law firm Rotheras Solicitors and has specialised in private client work since she began her career. Sarah is currently based in our Wollaton office

James Briggs

James Briggs

j.briggs@rotheras.co.uk

James Briggs is an associate and private client solicitor at Nottingham-based law firm Rotheras Solicitors.

Adam Cotterill

Adam Cotterill

a.cotterill@rotheras.co.uk

Adam’s expertise covers a wide range of services including drafting Wills, preparing Power of Attorney documents, Probate and Court of Protections applications.

Alison Richardson

Alison Richardson

a.richardson@rotheras.co.uk

Alison Richardson is a member of the wills, trust & probate team based at our Mapperley office.

Christina Peck

Christina Peck

c.peck@rotheras.co.uk

Christina Peck is a trainee solicitor within Rotheras Wills and Probate department and is based at the firm’s Beeston office.

Sharon Fleckney

Sharon Fleckney

s.fleckney@rotheras.co.uk

Sharon Fleckney is a Paralegal in Rotheras Wills and Probate department and is based at the firm’s Lace Market Office.

Anna Guy

Anna Guy

a.guy@rotheras.co.uk

Anna Guy has over 10 years’ experience of working in law firms, and 7 years’ experience of dealing with Wills and Probate matters.

Brett James

Brett James

b.james@rotheras.co.uk

Brett James is a Conveyancing and Wills and Probate Paralegal at Rotheras Solicitors and is based at our Lace Market office.

Michelle Kingston

Michelle Kingston

m.kingston@rotheras.co.uk

Michelle Kingston is a Paralegal in Rotheras Wills and Probate department and is based at our Long Eaton office

Sue Radford

Sue Radford

s.radford@rotheras.co.uk

Sue Radford is a Paralegal in Rotheras Wills and Probate department and is based at the firm’s Beeston Office.

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