Category: Inheritance Tax

Gifting assets can cut inheritance tax, but traps like “gifts with reservation of benefit”

From 6 April 2027, new measures first announced in the Autumn Budget 2024 will come into force. These

Trustees must manage assets, follow tax rules, and register with HMRC where required.

A trust is a legal

With the Residence Nil Rate Band (RNRB), families can pass on up to £1 million without IHT

The RNRB is

Before probate begins, you must estimate the estate’s value to see if Inheritance Tax applies. This

Married couples can pass on up to £1 million tax-free if they plan their estates carefully.

The

Despite intense lobbying by the farming community, the proposed reduction in IHT Business and

It was confirmed with the publication of the draft Finance Bill 2025-26 that measures first announced in

Double tax on estates can still hit families hard, even with treaties in place. When someone dies with

Lifetime gifts can reduce Inheritance Tax, but survival for seven years and using key exemptions like the