Inheritance Tax on a Coombe Home
The £6,000,000 Coombe average already exceeds the £1,000,000 a couple can normally pass on. That leaves about £5,000,000 exposed even for a married couple, a potential £2,000,000 at 40%.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
The £6,000,000 Coombe average already exceeds the £1,000,000 a couple can normally pass on. That leaves about £5,000,000 exposed even for a married couple, a potential £2,000,000 at 40%.
What passes on before tax applies
Two allowances apply. The nil rate band is £325,000. The residence nil rate band adds £175,000 when a home passes to children or grandchildren. Together that is £500,000 for one person and £1,000,000 for a couple.
At £6,000,000 the Coombe average clears both.
The local average already exceeds the single owner allowance of £500,000. Single and widowed owners here should check their position rather than assume they are under it.
The commercial page for this town sets out the introduction itself: Equity release in Coombe.
Why ordinary Coombe homes end up in scope
Growth is what moves an ordinary home into scope. The allowances have been frozen while property values have not been. A £6,000,000 home in Coombe is already measured against thresholds set years ago.
The nil rate band has stood at £325,000 since 2009. Every year of price growth moves more ordinary homes toward it without anything being announced.
Property value against the allowances
Borrowing against the home, and the estate
Borrowing against the home only reduces the estate once the money is spent or given away, because the debt is repaid before anything passes on. A £2,040,000 release growing to £7,188,236 over twenty years removes that amount from what is taxed, and from what your family receives.
Reducing a tax bill by spending the asset is not usually a win on its own. It only makes sense when you wanted the money anyway. Take advice before treating it as a tax plan.
The Coombe property context
The schools families ask about here are Coombe Hill Infant School, Coombe Hill Junior School, Coombe Girls' School, Rokeby School and Holy Cross Preparatory School. 3 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Transport in Coombe leans on buses, nearby stations and fast roads rather than a station of its own. These indicative times are a starting point, always verify current timetables before relying on a specific journey.
By price, Coombe ranks 1 of the 320 London locations we cover, at £6,000,000 against a county average of £732,469. Band D council tax here is £2,608, against an average of £2,121 across the towns we cover in the county.
The Coombe property picture
Coombe is a leafy, exclusive residential enclave of large houses & private estates on Coombe Hill.
The full local guide covers schools, transport and the market in detail: Coombe property and area guide.
- An exclusive, green outer-London enclave
- Large houses & gated private estates
- Outstanding primaries & well-known independents
- Golf clubs, Coombe Wood & leafy roads
- Richmond Park & Wimbledon Common close by
- Among the most expensive areas in outer London
- Very few flats or affordable entry points
- No station of its own, reliance on the car/buses
- Private roads & estates carry their own charges/covenants
- Some homes need survey work & flats need lease checks
Coombe is known locally for The Coombe private estates, and Richmond Park. The gated estates on and around Coombe Hill, George Road, Warren Road and Coombe Park, among the most exclusive addresses in outer London, long associated with wealth and privacy.
Practical detail for Coombe: the KT2 postcode district, no station of its own, buses plus Norbiton, New Malden, Raynes Park & Kingston (South Western Railway) into Waterloo and nearest A and E is Kingston Hospital (Galsworthy Road), a short drive, verify with NHS.
Coombe has history behind the price. In Medieval & Tudor, A rural hillside of woods, springs and farmland above Kingston; the Coombe conduits carry spring water to Hampton Court Palace.
Coombe at a glance
| Inheritance tax measure | Coombe figure |
|---|---|
| Benchmark property value | £6,000,000 |
| Single owner allowance | £500,000 |
| Couple allowance | £1,000,000 |
| Exposed above the single allowance | £5,500,000 |
| Potential bill at 40% | £2,200,000 |
| Headroom under the couple allowance | £-5,000,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Coombe
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- A current valuation, not the £6,000,000 average
- Whether unused spouse allowances are available
- Where your pensions sit relative to the estate
- A solicitor or tax adviser engaged before anything is moved
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Coombe
Broadband speeds can vary street by street in Coombe, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
Will my Coombe home be liable for inheritance tax?
How close is a Coombe home to the threshold?
Who should I speak to about this?
How do I check broadband speed at a property in Coombe?
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