Inheritance Tax

Understand how inheritance tax works in the UK and what you might need to pay. Articles cover tax calculations, exemptions, legal changes, and the probate process.

A Checklist for Avoiding Inheritance Tax

Simple steps you can take yourself to reduce what your heirs will owe in inheritance tax.

Arguments in Favour of Inheritance Tax

Inheritance tax has real benefits beyond the complaints, especially for people with less money, and could be fairer than other taxes.

Changes to the Law 2007

Gordon Brown raised the inheritance tax threshold from £300,000 to £350,000 between 2007 and 2011, though critics said it didn't go far enough.

Common Objections to Inheritance Tax

People object to inheritance tax for reasons like double taxation and lack of control over whether you pay it.

Contestation of a Will

Contesting a will requires proving the deceased lacked mental capacity or was under undue pressure when creating it.

Grant on Credit

When executors can't afford the initial inheritance tax bill, grant on credit offers a rare but vital way to access the estate.

History of Inheritance Tax in UK

How Britain's inheritance tax evolved from a Napoleonic war fund in 1796 to today's system.

Inheritance Gifts with Reservation of Benefit

Gifts with a reservation of benefit can still be taxed as part of your estate, even if you use the Seven Year Rule strategy.

Inheritance Tax in Other Countries

See how inheritance tax works differently around the world and what it means if you're buying property abroad.

Inheritance Tax: Basics

Inheritance Tax is a tax on a deceased person's estate, including property, savings, and gifts given in the seven years before death.

Probate and Confirmation

You need a Grant of Probate or Confirmation to legally handle a deceased person's estate and carry out their will.

Reduce Inheritance Tax in 5 Easy Steps

Cut your inheritance tax bill with these five practical steps you can take right now.

The Widows' IHT Tax Break

Widows and widowers can double their inheritance tax allowance after a spouse's death, but many miss out due to missing paperwork.

What Is Capital Gains Tax: How Is My Inheritance Affected?

When you inherit assets, you might owe Capital Gains Tax on them beyond Inheritance Tax, which could significantly reduce what you actually receive.