Inheritance Tax
HM Revenue & Customs receives tax levied on the estate of a deceased person encompassing their property, money, and possessions. Understanding the nuances of IHT can help you effectively plan your estate and minimize tax liabilities for your heirs.
We provide comprehensive guidance articles on various HMRC topics, equipping you with the knowledge you need to make key decisions.
Our guides cover key HMRC allowances and reliefs, how much tax is paid and tips to avoid it. Whether you simply want to enhance your knowledge or have a specific questions, our detailed articles provide the insights you need.
Most Searched Inheritance Tax Topics
How Much Is Inheritance Tax?
Inheritance Tax is charged at 40% on estates above the threshold. Learn how much Inheritance Tax is, and when the rate can be reduced.
How to Avoid Inheritance Tax
There are legal ways to reduce or eliminate your bill. Discover how to avoid Inheritance Tax, using exemptions, gifts, and trust planning.
What Is Inheritance Tax?
It’s a tax on the estate (property, money, possessions) of someone who’s died. Find out what Inheritance Tax is, who pays it, and how it works in the UK.
When Do You Pay Inheritance Tax?
It’s usually due within six months of death. Learn when Inheritance Tax is paid, and what happens if it’s late or paid in instalments.
What Is the Inheritance Tax Threshold?
The standard threshold is £325,000 with extra if you pass on your home. Discover what the Inheritance Tax threshold is, and how to use the residence nil-rate band.
How to Avoid Inheritance Tax on Farms
Agricultural Relief can reduce your bill up to 100%. Learn how to avoid Inheritance Tax on farms, and what qualifies under HMRC rules.
How to Avoid Capital Gains Tax on Inherited Property UK
There’s usually no CGT on inheritance but it can apply if you sell. Find out how to avoid Capital Gains Tax on inherited property in the UK, and what counts as your acquisition value.
How to Avoid Inheritance Tax When Second Parent Dies
Unused allowances can be transferred to a spouse. Discover how to avoid Inheritance Tax when the second parent dies, and how to preserve the family estate.
What Is an Inherited Pension?
It’s money passed to a beneficiary from someone’s pension. Learn what an inherited pension is, and how it’s taxed depending on the age of death.
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