UK Inheritance Tax Guide

Everything you need to know about UK inheritance tax, from basic thresholds to advanced planning strategies

£325,000
Standard nil rate band
£175,000
Residence nil rate band
40%
Standard tax rate

Inheritance Tax Basics

Understanding the fundamentals of UK inheritance tax

Essential information on nil rate bands and residence allowances

Payment deadlines, interest charges, and installment options

Detailed breakdown of assets included in your estate

Property & Assets

How different types of property and assets are taxed

Joint tenants vs tenants in common tax implications

How different pension types are treated for tax purposes

Trust arrangements and tax implications

Gifts & Transfers

Understanding potentially exempt transfers and gift rules

7-year rule, taper relief, and gift planning strategies

How to use annual exemptions effectively

When and how to report lifetime gifts

Tax Planning & Reliefs

Strategies to reduce inheritance tax liability

100% relief for qualifying agricultural assets

Relief for business assets and shares

Legal ways to reduce your inheritance tax bill

Special Situations

Complex scenarios and international considerations

UK-wide rules with Scottish property law differences

How residence affects your tax liability

Transferring allowances after remarriage

Disputes & Valuations

Challenging valuations and resolving disputes

How to dispute property and asset valuations

Installment plans and payment in kind schemes

Understanding the differences and interactions

Ready to Calculate Your Inheritance Tax?

Use our detailed calculator to get an accurate estimate of your potential inheritance tax liability