Estate valuation for IHT purposes

Estate valuation for IHT purposes

by | Jul 31, 2025 | Inheritance Tax

Before probate begins, you must estimate the estate's value to see if Inheritance Tax applies. This includes valuing the deceased person's money, property and belongings in order to determine if Inheritance Tax (IHT) is due. This process is important...
Current Inheritance Tax thresholds

Current Inheritance Tax thresholds

by | Jul 24, 2025 | Inheritance Tax

Married couples can pass on up to £1 million tax-free if they plan their estates carefully. The Inheritance Tax  (IHT) nil-rate band is currently £325,000. This means there is normally no IHT to pay if an estate is valued below this threshold. This...
IHT Unused Pension Funds and Death Benefits changes

IHT Unused Pension Funds and Death Benefits changes

by | Jul 24, 2025 | Inheritance Tax

It was confirmed with the publication of the draft Finance Bill 2025–26 that measures first announced in the Autumn Budget 2024 to bring most unused pension funds and death benefits into the scope of Inheritance Tax (IHT) will start from 6 April 2027. This will...
Double Tax Conventions and IHT

Double Tax Conventions and IHT

by | Jul 17, 2025 | Inheritance Tax

Double tax on estates can still hit families hard, even with treaties in place. When someone dies with ties to more than one country, their estate may face inheritance tax in both jurisdictions. Fortunately, the UK has Double Taxation Conventions with several...
Current IHT gift reliefs

Current IHT gift reliefs

by | Jun 12, 2025 | Inheritance Tax

Lifetime gifts can reduce Inheritance Tax, but survival for seven years and using key exemptions like the £3,000 annual allowance are crucial to making them fully tax-free. Most gifts made during a person’s lifetime are not immediately subject to...