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Who can claim the IHT residence nil rate band

Who can claim the IHT residence nil rate band

by | Aug 7, 2025 | Inheritance Tax

With the Residence Nil Rate Band (RNRB), families can pass on up to £1 million without IHT The RNRB is an additional £175,000 Inheritance Tax (IHT) allowance that applies when a person’s main residence is passed to a direct descendant, such as a...
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...
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...
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...
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...