Inheritance tax can take a significant portion of your estate if you don’t plan carefully. For 2025, there are key allowances and reliefs that you should know about to reduce the tax your beneficiaries might pay. Understanding these thresholds and reliefs helps you protect more of your assets for the people you care about. You […]

Inheritance tax can significantly reduce the amount your family receives when you pass away, but as a grandparent, there are practical ways you can help lower this burden. By giving gifts within the annual allowances, using trusts, or gifting directly to grandchildren, you can protect more of your wealth from inheritance tax. These strategies help […]

Passing down the family home comes with inheritance tax (IHT) challenges that can significantly reduce what your loved ones receive. You can minimise or even avoid IHT by using specific strategies like making use of the Residence Nil Rate Band, careful gifting, and setting up trusts. These methods help protect your property’s value for the […]

If you own property in the UK, rising house prices could mean your inheritance tax bills will be higher than you expect. As property values increase, more estates exceed the tax-free thresholds. This means you or your family may owe significant inheritance tax unless careful planning is done. The thresholds for inheritance tax have stayed […]

If you are an unmarried couple living together in the UK, it’s important to understand that you do not have the same automatic legal rights as married couples when it comes to inheritance and estate matters. Without proper estate planning, your partner could face financial difficulties or lose access to shared assets if you pass […]

If you want to reduce the amount of inheritance tax your beneficiaries will have to pay, using gifts and trusts is an effective approach. Gifting assets during your lifetime, especially if you survive for seven years after making the gift, can remove those assets from your estate and lower your tax bill. This works because […]

Couples who want to protect their assets and reduce inheritance tax often consider mirror wills. These are paired wills made by two people, usually spouses or civil partners, that have nearly identical terms. Mirror wills help couples plan together to pass on their estate efficiently, often reducing inheritance tax by ensuring assets are passed to […]

When someone owns a second property, especially one used as a buy-to-let, it can have a big impact on their inheritance tax (IHT) liability. Buy-to-let portfolios and other second homes are often included in the value of an estate, which means they could increase the amount of tax owed when passing wealth to heirs. Understanding […]

Many people believe they are far from owing inheritance tax, but the truth is that more estates reach the threshold than expected. The current limit before inheritance tax applies is £325,000 per person, with additional allowances if passing on a home. This means a significant number of people may be closer to the tax threshold […]

Many families lose thousands of pounds due to common inheritance tax (IHT) mistakes that could easily be avoided. Understanding how tax liabilities on your estate work is key to protecting your assets and reducing the amount paid to HMRC. If you don’t plan carefully, rising inheritance tax receipts mean more of your estate could be […]

Your family home is often the most valuable asset you own, but without proper planning, a large portion of it could go to inheritance tax when you pass away. You can protect your home by using legal strategies like gifting, making use of tax thresholds, and careful estate planning to reduce or avoid inheritance tax. […]

Using trusts to manage inheritance tax can help you keep more of your estate for your beneficiaries, but it’s important to understand what really works and what doesn’t in 2025. Trusts do not automatically mean your assets are free from inheritance tax, but they can offer ways to reduce the overall tax bill when set […]

If you are part of a blended family, planning for Inheritance Tax (IHT) can be more complex than you might expect. Without careful planning, you could unintentionally leave some family members with less than you intended or face higher tax bills. The key to effective IHT planning in blended families is to update your will […]

The 7-Year Rule is an important part of inheritance tax (IHT) that affects both anyone giving gifts and those receiving them. If you live for seven years after giving a gift, no inheritance tax is usually due on that gift, which can reduce your estate’s tax burden significantly. Understanding how this rule works can help […]

If you want to reduce the amount of inheritance tax your family has to pay, there are legal ways to do it. You can lower your inheritance tax bill by using strategies like gifting money during your lifetime, making use of your tax-free allowances, and passing property to your children or grandchildren. These methods help […]

Navigating inheritance tax planning can be challenging, especially for blended families with different needs and expectations. You may worry about ensuring that all your loved ones, including biological children and stepchildren, receive a fair share of your estate. To achieve this, clear communication, a well-structured estate plan, and possibly the use of trusts can help […]

Inheritance tax can significantly affect family-owned art and antiques, which are often valuable assets within an estate. Understanding how inheritance tax applies to these items is crucial for effective estate planning. Without proper strategies in place, your family could face unexpected financial burdens when trying to retain treasured pieces of art or collectibles. Art and […]

Planning for inheritance tax on agricultural and rural estates is crucial for anyone involved in farming or managing land. Being aware of options like Agricultural Property Relief (APR) and Business Property Relief (BPR) can significantly reduce the tax burden and help preserve your estate for future generations. Understanding these reliefs allows you to make informed […]

Structuring your family business effectively can safeguard your legacy while minimising inheritance tax. Implementing tax-efficient strategies such as utilising Family Investment Companies and properly planning your succession can significantly lower your tax liability. These methods not only help in passing on assets to the next generation but also ensure that your business thrives without unnecessary […]

When considering the gifting of overseas property, it is essential to understand the implications of inheritance tax (IHT). Many people are unaware that gifting property abroad can lead to significant tax liabilities after death. Understanding the rules surrounding inheritance tax on overseas gifts can help you make informed decisions and potentially save money for your […]