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Executor Loan for IHT
Are you an executor faced with an unexpected Inheritance Tax Bill?
An Executor Loan helps personal representatives, or executors if there’s a Will, with estates where there is an Inheritance Tax (IHT) liability to pay but no funds available. It is the ideal solution if you are wondering how to pay inheritance tax before probate is granted.
How does an IHT loan work?
When you apply for an IHT loan with us, we will pay HMRC the inheritance tax (IHT) owed. Once the IHT has been paid, an application can be made for Grant of Probate. Following the Probate process, the assets of the estate will be made accessible for disposal, allowing the IHT loan to be paid back from these funds. As the estate will refund the money for the IHT bridging loan, there will be no monthly repayments and no financial risk to you.
Key Benefits
- No risk
- No credit checks
- No monthly repayments
- No requirement for a Will
- No personal liability
- No charge over property
Why choose us
Inheritance Tax Loan is a unique product, with nothing else like it on the market. Here are just a few reasons to choose Tower Street Finance for inheritance loans in the UK:
Fully regulated lender
We are fully regulated and authorised by the Financial Conduct Authority
100 years of experience
100 years of experience - Our management team has over 100 years of experience in financial services, credit management and risk
Excellent customer service
We are rated ‘Excellent’ on the independent review site Trustpilot
Inheritance Tax Loan CPC FAQs
An Inheritance Tax Loan can be used to ensure your estate does not become locked by enabling you to settle the IHT bill quickly and easily. This ensures that you avoid any delay or penalty charges from the HMRC.
The facts about Inheritance Tax Loans
Executors or personal representatives are responsible for paying IHT
Around 25,000-30,000 Estates incur IHT in any year
Average bill is around £200,000
IHT has to be paid before you can get a Grant of Probate
Estimated that £2bn a year is tied up in ‘locked estates’
More estates will be need to pay IHT over the coming years
Hear from those who’ve benefitted from an Inheritance Tax Loan
“Mum was financially savvy and had always had a lot of her money in share portfolios so when she died there wasn’t a lot of cash. Because the share portfolio companies won’t release funds to pay IHT I was stuck with a bill and no means to pay until the inheritance was released.
“Tower Street Finance acted really quickly for me and paid HMRC direct with an Inheritance Tax Loan which was repaid from the estate once the grant was issued. It was such a relief.”
Get in touch about an Inheritance Tax Loan
Our professional customer service team are here to help you with any queries you may have about IHT Loan. They can also take your application over the phone or you can apply online below.