Land Registry is the department that is responsible for registering land in England and Wales. The legislation mandates that all British land is bought, sold or mortgaged must be registered. However, about one third of land in England and Wales is currently unregistered with the service of Land Registry.

There are many benefits that you may enjoy if you register your land with the Department of the Land. The registration of the land proves ownership of the land, help to protect your land, if someone tries to complain about it. Land Registry also simplifies conveyancing, making changes in future property easier.

If you decide to register your land voluntarily for the first time with Land Registry, you may receive a discount of up to 25% on registration fees. The discount varies by size property. The cost ranges from £ 40 for a property value up to £ 50,000 to £ 690 for land worth more than £ 1 million.

Inheritance tax is the tax that is paid on your 'estate'. To understand this term in general we can say is that everything you have upon your death, minus what you owe. It is also sometimes payable on assets you may have sold in your life. Assets include things like property, goods, capital and investments.

However, Not everyone in Britain pay the inheritance tax on death. It only applies if the taxable value of your estate, including your share of joint property and assets held in certain types of trusts, when one dies exceeds £ 325,000 (2009-10 tax year). Inheritance tax is payable on the excess above the zero rate band.

In most cases, inheritance tax must be paid within six months from the end of the month in which death occurs, otherwise Interest is charged on the amount owed.

Inheritance tax on certain assets, including land and buildings can be deferred and paid in installments over 10 years. If you have been appointed as personal representative of someone to inheritance tax, must evaluate all of the assets that the deceased owned. This assessment must accurately reflect what the asset might reasonably seek in the open market at the date of death and how much inheritance tax must be paid.

It is important that you evaluate the first estate to whether inheritance tax is due or not. This means adding the value of all assets of the estate – as a home goods, capital and investment – and deducting the debts of the deceased may have had, including household bills and funeral expenses.

The property also includes the deceased's share of jointly owned assets and the value of assets held in trust.

Evaluation should also include all the gifts that the deceased may have made their living to see if they are exempt, and if they are not exempt, they must be their included in the overall value of the estate, like other information such as notaries.

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