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Understanding inheritance tax

Understanding inheritance tax

  • Details of the new rules for inheritance tax
  • What you can give away tax-free
  • How to work out how much tax your estate will have to pay

What's in this guide

How it works

The ins and outs of inheritance tax, including how it differs for couples

Rule changes

The new IHT rules have been welcomed, but there is a sting in the tail

Tax-free gifts

Some gifts made during your lifetime or on your death will not attract inheritance tax

Taxable lifetime gifts

Some gifts will always attract tax, regardless of when you make them

Your tax bill

We offer tips and advice for working out just how much your inheritance tax bill will be

Insuring against IHT

You can take out an insurance policy to cover the cost of inheritance tax, or just to leave money for your heirs