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Yes, a will is fundamental to IHT planning. Without a will, your estate is distributed according to the rules of intestacy, which may not reflect your wishes and may not […]

Business Property Relief provides IHT relief on qualifying business assets including shares in unquoted trading companies and business partnership interests. 100% BPR is available on most qualifying assets. From April […]

Agricultural Property Relief provides IHT relief on qualifying agricultural property including farmland, farm buildings and farmhouses occupied for agricultural purposes. Prior to April 2026, 100% APR is available on qualifying […]

Simply transferring your home to your children while continuing to live in it does not remove it from your estate for IHT purposes. HMRCs reservation of benefit rules mean that […]

The seven-year rule refers to the treatment of lifetime gifts to individuals, known as potentially exempt transfers. A gift to an individual becomes fully exempt from IHT if the donor […]

Not all estates pay Inheritance Tax. Your estate will only have a liability if its total value, after deducting reliefs, exemptions and debts, exceeds the nil-rate bands available. Many estates, […]

The October 2024 Budget made several significant IHT changes. From April 2026, the combined value of assets qualifying for 100% Agricultural Property Relief and Business Property Relief is capped at […]

The nil-rate band is the amount of an estate that is free from Inheritance Tax. There is also an additional residence nil-rate band available where a main home passes to […]