82 articles tagged with Inheritance Tax.
Grant of Probate timelines, HMCTS fees, IHT400 vs IHT205, the chicken-and-egg IHT problem, and a 15-point executor checklist for 2026.
APR protects farmland and farmhouses from inheritance tax -- but the Budget 2024 combined GBP 1M cap with BPR changes the picture from April 2026.
Business Property Relief can remove 100% of qualifying business assets from your IHT estate -- but Budget 2024 introduced a GBP 1M cap from April 2026.
How Agricultural Property Relief works for IHT in 2026 -- the new £1m cap, qualifying conditions, interaction with Business Property Relief, and estate planning strategies.
Gifts to UK charities are fully exempt from inheritance tax. Leave 10% or more of your net estate to charity and the IHT rate drops from 40% to 36%. How it works in 2026.
The nil-rate band is frozen at GBP 325,000 until 2030 while house prices rise. Here is how to use the NRB, RNRB, transferable allowances, and gifting rules to legally cut your inheritance tax bill.
Unspent pension pots will be included in IHT from April 2027. Learn how the change works, exceptions, and planning strategies to minimise your estate tax.
Inheriting a property and renting it out rather than selling makes you a landlord for tax purposes overnight. How rental income tax, Capital Gains Tax base cost and mortgage rules apply in 2026/27.
How a deed of variation lets beneficiaries redirect an inheritance within two years of death for Inheritance Tax purposes in 2026/27, and the conditions that must be met for it to work.
Farming income swings wildly year to year with weather and commodity prices. Farm profit averaging, capital allowances on machinery, and the 2026 Agricultural Property Relief changes all shape a farmer's real tax position — full worked example inside.
How the seven-year rule and taper relief work for Inheritance Tax gifts, why taper relief doesn't reduce the gift below the nil-rate band as often assumed, with a full worked example.
Whether an inherited defined contribution pension is tax-free or taxed at your marginal rate depends on the age the original owner died. The rules, the death benefit nomination and how to claim, explained for 2026/27.
Severing a joint tenancy converts automatic survivorship into a specific, separately owned share that can pass via your will — a common Inheritance Tax planning step. How it works in 2026/27.
From April 2027, most unused pension funds will be brought within the scope of Inheritance Tax on death. What's changing, who's affected, and what to consider before then.
Parents can gift £5,000, grandparents £2,500 and anyone else £1,000 to a couple getting married completely free of Inheritance Tax — on top of the normal annual exemption. Here's exactly how the wedding gift exemption works and how to combine it with other allowances.
Civil partners and married couples get identical tax treatment in the UK in 2026/27 — the same Marriage Allowance, Capital Gains Tax transfers and Inheritance Tax exemption. Here is what is, and is not, different.
Cohabiting couples in the UK get none of the tax reliefs available to married couples and civil partners in 2026/27 — no Marriage Allowance, no unlimited spousal IHT exemption, no automatic CGT no gain/no loss transfers.
How grandparents can gift into a Junior ISA tax-efficiently, using the £3,000 annual exemption and normal expenditure out of income exemption, explained for 2026/27.
Gifting property to children in 2026/27 can trigger Capital Gains Tax immediately and still leave the value in your estate for up to 7 years under Inheritance Tax rules. Worked example included.
The Residence Nil-Rate Band of £175,000 tapers away by £1 for every £2 an estate exceeds £2,000,000, disappearing entirely above £2,350,000. Full worked example for a £2.2 million estate in 2026/27.
How Business Relief on AIM-listed shares can reduce Inheritance Tax after just two years of ownership in 2026 — qualifying conditions, the risks, and how AIM investing compares to gifting.
How a bare trust for a child works, income and gains tax treatment, the parental settlement rule for parents' gifts, grandparent gifting, and access at age 18.
The difference between a bare trust and a discretionary trust for passing money to children in 2026/27 — control, tax treatment, and the age-18 access problem, compared side by side.
How Business Property Relief can shelter AIM-listed shares from Inheritance Tax in 2026/27 — the two-year holding rule, the risks, and how the new cap on 100% relief affects large portfolios.
Why unmarried cohabiting couples in the UK get no spousal Inheritance Tax exemption in 2026/27, how this affects the family home, and the planning steps that can reduce the risk.
Tax and legal risks for unmarried couples who own property together: CGT on transfers, Stamp Duty on buy-outs, Inheritance Tax exposure and why a will and deed of trust matter.
Tax treatment of farm diversification income in 2026/27: holiday lets, wedding venues, farm shops and renewable energy leases -- how it differs from farming trades, VAT issues, and the Agricultural Property Relief impact.
How the normal gifts out of surplus income Inheritance Tax exemption works in 2026/27 — the three legal tests, a worked example, and the records HMRC expects executors to produce.
How to apply for a grant of probate in England and Wales in 2026/27 — the application fee, when probate is actually needed, typical timescales, and what executors must do first.
How guarantor loans and guarantor mortgages work in the UK, the credit and financial risks to the guarantor, and the tax and Inheritance Tax treatment if a guarantor has to pay.
How CGT holdover relief (gift relief) works in 2026/27: qualifying assets, the joint election, form HS295, and how it interacts with Inheritance Tax on gifts within the 7-year rule.
The difference between nominee drawdown and successor drawdown for inherited pensions in 2026/27 — who can use each route, how the beneficiary's own death affects the fund, and the tax treatment.
How potentially exempt transfers and the 7-year Inheritance Tax rule work in 2026/27 — taper relief, worked examples, and why gifts made shortly before death can still create a tax bill.
How Capital Gains Tax applies when executors sell an inherited property during probate in 2026/27 — the probate value uplift, the executors' annual exemption, and reporting deadlines.
How the residence nil rate band downsizing addition protects Inheritance Tax relief when someone sells or downsizes their home before death — the rules, worked example and claim process for 2026/27.
How a spousal bypass trust can keep pension death benefits outside a surviving spouse's own estate in 2026/27, why it is used, and how the incoming pension IHT changes affect the strategy.
A precise worked example of how Inheritance Tax taper relief reduces tax on a lifetime gift made 3 to 7 years before death in 2026/27, and why it rarely helps as much as people expect.
Comparing term assurance and whole-of-life insurance as ways to cover a future Inheritance Tax bill in 2026/27, including cost, certainty of payout, and which suits which estate.
Discretionary trusts face an inheritance tax charge every 10 years, plus exit charges when assets leave the trust. Here's how the periodic charge is calculated for 2026/27.
Writing a life insurance policy in trust keeps the payout outside your estate for Inheritance Tax and speeds up payment to your family. Discretionary vs bare trust, setup mistakes, and worked examples.
Probate application fees are a flat £300, but total executor costs can run into thousands. Here's the full cost picture — court fees, solicitor fees, and DIY probate — for 2026.
How writing a whole-of-life insurance policy in trust removes the payout from your estate, why it matters for Inheritance Tax in 2026/27, and how the numbers stack up.
CGT on an inherited property is calculated from the probate value, not what the deceased originally paid. How the base cost, allowances and 60-day reporting rule work.
Gifting a deposit to a family member requires a formal gifted deposit letter for the lender, and can have Inheritance Tax implications for the donor if they don't survive seven years.
You can't sell a probate property until the grant of probate is issued. What executors need to arrange first, typical timelines, and practical pitfalls that catch families out.
A plain-English guide to Business Property Relief (BPR) for 2026/27: what qualifies for 100% or 50% relief, the two-year rule, traps and how it slashes inheritance tax.
Crypto inheritance tax UK 2026/27: IHT at 40%, CGT rules, estate planning tips for Bitcoin and digital assets.
How the discretionary trust 10-year (periodic) IHT charge works in 2026/27, who pays it, how it is calculated step by step, and how to plan ahead.
How tax affects a UK divorce financial settlement in 2026/27 - CGT on asset transfers, pensions, the family home, maintenance and IHT, with calculator links.
How Gift Hold-Over Relief lets you defer Capital Gains Tax when giving away business assets or shares in 2026/27, who qualifies, and how to claim it.
How the normal expenditure out of income IHT exemption works in 2026/27, who qualifies, the records HMRC wants, and how to gift unlimited amounts free of inheritance tax.
How the gift with reservation of benefit rules drag gifts back into your estate for inheritance tax in 2026/27, plus how to avoid the trap legally.
A plain-English guide to UK intestacy rules for 2026: who inherits without a will, the spouse statutory legacy, and how inheritance tax interacts.
How to set up a Lasting Power of Attorney in England and Wales in 2026 -- types, costs, registration, the financial powers it grants and how to avoid pitfalls.
Learn how writing UK life insurance in trust can keep the payout outside your estate, avoid 40% inheritance tax and speed up money to your family in 2026/27.
How the normal expenditure out of income exemption lets you give away surplus income free of inheritance tax in 2026/27, with rules, records and examples.
How care home fees are means-tested in 2026/27, the capital thresholds, deprivation of assets rules and legitimate ways to plan ahead and protect your money.
A plain-English guide to the UK probate process in 2026/27 - what probate is, who applies, how long it takes, fees, and how Inheritance Tax fits in.
How the GBP 175,000 residence nil-rate band works in 2026/27, who qualifies, the taper above GBP 2m, and how couples can pass on GBP 1m IHT-free.
How settlor-interested trusts are taxed in the UK for 2026/27 - income, capital gains and inheritance tax rules, the key anti-avoidance traps, and worked examples.
How the 7-year rule works for inheritance tax in 2026/27, including taper relief, the GBP 325,000 nil-rate band, exemptions and how to plan gifts safely.
How inheritance tax taper relief works on gifts in 2026/27, the 7-year rule, the GBP 325,000 nil-rate band and when the 40% IHT rate really applies.
How tax works when someone dies in the UK for 2026/27: inheritance tax, the estate's income and capital gains, plus the steps executors must take.
How the transferable nil-rate band and residence nil-rate band let married couples and civil partners pass on up to GBP 1 million free of inheritance tax in 2026/27.
AIM-listed shares held for two years can qualify for 50% Business Property Relief, halving the IHT on their value. Rules, risks and portfolio strategy.
Gifting assets while continuing to benefit from them will not remove them from your estate for IHT. Learn GWR rules, POAT, exceptions, and alternatives that actually work in 2026/27.
Find out if an inheritance from abroad is taxable in the UK in 2026/27. IHT rules, income tax implications, and key thresholds explained.
Understand the inheritance tax annual gift exemption for 2026/27: the £3,000 rule, small gifts, marriage exemptions and more.
The inheritance tax spouse exemption can leave major gaps. Learn when IHT still applies to married couples in the UK 2026/27 tax year.
Unmarried couples property tax UK: stamp duty, CGT, IHT and income tax rules for 2026/27. Know your rights before buying together.
From April 2027 most unused pension funds will count toward your estate for inheritance tax. This is one of the biggest pension rule changes in a generation.
Gifts from surplus income leave your estate immediately with no seven-year wait. The normal expenditure out of income IHT exemption has no annual cap -- here is how it works.
IHT400 is required when an estate exceeds GBP 325,000 NRB or GBP 500,000 with RNRB. Deadline is 6 months from death. Here is the complete 2026 guide.
Complete guide to UK gift allowances and Inheritance Tax exemptions for 2026/27. Covers the 3,000 pounds annual exemption, wedding gifts, regular gifts from income, and the 7-year rule.
The Residence Nil Rate Band adds up to 175,000 pounds to your IHT-free threshold when leaving your home to direct descendants. Full guide for 2026/27 with taper rules.
Regular gifts out of surplus income can be immediately exempt from Inheritance Tax, with no upper limit and no seven-year wait. Here is how the normal expenditure exemption works.
The April 2026 reform to Agricultural Property Relief (APR) and Business Property Relief (BPR) -- the new £1m combined cap, the 50% relief above it, and estate planning strategies for farmers and business owners.
There is no gift tax in the UK. But gifts can affect your Inheritance Tax liability. You can give away unlimited cash gifts during your lifetime — but if you die within 7 years, some gifts may be included in your estate. Here's the complete guide.
Getting married or entering a civil partnership unlocks several UK tax advantages: Marriage Allowance (up to £252/year), CGT spousal transfers, IHT spouse exemption (unlimited), and pension nominations. Here's what changes when you marry and how to claim every benefit.
IHT is 40% above £325,000 — but with the right strategies, married couples can pass on up to £1 million tax-free. Full 2026/27 guide covering the 7-year rule, annual exemptions, Business Property Relief, and the critical April 2027 pension change.
IHT gift rules 2026: PETs, the 7-year rule, taper relief, annual exemptions, normal expenditure from income, CLTs and record-keeping for inheritance tax planning.
IHT at 40% sounds brutal — but couples can shield up to £1M. Here's exactly how the nil-rate band, residence nil-rate band, taper relief and the coming pension changes work in 2026/27.
