In a recent Q&A, Andrew Sutherland of Acumen Financial Planning addresses a widower’s concerns about potential taxes on his estate, including Capital Gains Tax (CGT) and Inheritance Tax (IHT).
Andrew explains that CGT does not apply on death, and beneficiaries inherit assets at their current market value. However, depending on the size of the estate, IHT could be a consideration. With available allowances, including those transferred from a late spouse, estates under £1 million may not be liable – but for larger estates, IHT at 40% could apply.
Read the full Q&A feature in The Scotsman here.
Editor’s Notes
Published in Scotsman Money 28th July 2025
The information provided is the opinion of Andrew Sutherland and should not be considered advice.
Acumen Financial Planning Ltd is authorised and regulated by the FCA, FRN 218745.