Guildford is named as the UK’s inheritance tax 'capital'
A freedom of information request by Direct Line Insurance has shown that residents in Guildford, Surrey paid more inheritance tax than anywhere else in the UK during the 2015/16 tax year.
658 families in Guildford were obligated to cover this tax, as their inherited estates were in excess of the £325,000 inheritance tax allowance per person. Estates exceeding this are liable to pay inheritance tax at 40%, and any allowances that are not utilised may be transferred to a spouse or civil partner to enable a combined tax free amount of £650,000 to be passed on.