Inheritance tax in Scotland is a tax on the estate (the property, money, and possessions) of someone who has passed away. It's sometimes referred to as "IHT."

Arrangements must be made to pay IHT from the estate. The amount payable will depend on the total value of the assets. If the estate is under the current tax threshold, you still may need to submit an IHT form.

In the next of our Ask the Expert series, we give advice and guidance surrounding when IHT is payable.

Our IHT session will be held on 9 April 2024 by our local expert Fraser Symon.

To book a time with Fraser to ask a question about IHT contact us on:

📧 asktheexpert@parissteele.com

Our dedicated expert will be happy to provide initial advice, signpost you to additional sources of support or provide a fee quote for more in-depth assistance.