Inheritance Tax Planning in Kent: What You Need to Know

Inheritance tax is becoming an increasingly important issue for families across Kent. Rising property values, frozen tax thresholds, and changing financial circumstances mean more estates are now falling within the scope of inheritance tax than ever before.

For many people, this comes as a surprise.

This guide explains what inheritance tax is, why it matters if you live in Kent (or neighbouring areas), and what you can do to begin planning effectively.

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What is inheritance tax?

Inheritance tax is a tax charged on the value of a person’s estate when they die. This includes:

• Property

• Savings and investments

• Certain gifts made during a lifetime

• Valuable possessions

In the UK, there is a tax-free threshold. Anything above this may be taxed at up to 40%.

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Speak to a Chartered adviser

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Inheritance tax planning in Kent: why it's particularly important

Kent has seen significant property price growth over recent years. As a result, many homeowners are now closer to, or above, inheritance tax thresholds without realising it.

Key reasons include:

• Rising house prices across Kent towns such as: Maidstone, Canterbury, Tunbridge Wells*

• Frozen inheritance tax thresholds for extended periods

• Increased wealth held in property rather than liquid assets

  
  

This means even “ordinary” homeowners may now be affected.

Additionally, from 6 April 2027, most unused pension savings will also be included in your estate.

*We also cover: Orpington, Bromley, Swanley, Sevenoaks, Edenbridge, Chelsfield, Locksbottom, Sidcup, Dartford, South London, Tonbridge, Petts Wood, Westerham, East Grinstead, Godstone, East Sussex, Surrey - and more!

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Common misunderstandings

Many people automatically assume:

• “Inheritance tax only affects the very wealthy”

• “My estate is too small to be taxed”

• “My family home is exempt”

In reality, property is often the largest contributor to an estate’s value, which is why more families are becoming exposed.

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Why planning matters

Without planning, a significant portion of your estate could potentially go to tax rather than your family.

Effective inheritance tax planning can help:

• Clarify your current position

• Identify potential exposure

• Explore legitimate planning options

• Ensure your wishes are reflected properly

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Getting advice: speak to a Chartered adviser

While inheritance tax planning in Kent (and beyond) can be complex and depends on individual circumstances, speaking to a Chartered financial professional like ourselves can help you understand your options clearly and make informed decisions.

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Don't just take our word for it

David, a client of ours:

"We realised we were at the stage of life where we needed to review our finances; it's a bit more complex for us as we run our own business and need to separate personal and business finances.

We took the plunge and Claire Wise of Culverhouse worked with us to carry out an in depth review which led to clear, sensible recommendations. We're really looking forward to working with her in the future; she's helpful, friendly, proactive and looks at things from our point of view. Thanks Claire!"

Speak to a Chartered adviser