How to Maximise Your Inheritance Tax Allowance in 2026
Here’s something nobody tells you at dinner parties (because who discusses tax at dinner parties?): roughly 96% of UK estates won’t pay a penny in inheritance tax. Yet the 4% who do fork out an average of £180,000 to HMRC. That’s not pocket change—that’s someone’s house deposit, a comfortable retirement nest egg, or your kids’ […]
Inheritance Tax Gifts Rules Every Family Should Know
Here’s something nobody tells you at dinner parties: that £50,000 you’re planning to gift your daughter for her house deposit could end up costing your estate £20,000 in tax. Not because you did anything wrong, but because you didn’t know the rules. I’ve spent years watching families discover—too late—that generosity comes with paperwork. That the […]
Succession Tax Explained: What It Means for Your Estate
Right, let’s address the elephant in the room straightaway: there’s technically no such thing as “succession tax” in the UK. Not officially, anyway. What we’re actually talking about when someone mentions succession tax is Inheritance Tax (IHT) – though you’ll occasionally hear old-timers refer to it as “death duty,” which sounds properly Victorian but hasn’t been the […]
Inherent Tax vs Inheritance Tax: What’s the Difference?
Here’s a confession: if you’ve been Googling “inherent tax” in a panic at 2am because someone mentioned it at a dinner party and you nodded along knowingly—you’re not alone. Plot twist? There’s no such thing as inherent tax. But there’s absolutely such a thing as inheritance tax, and that’s what people actually mean when they fumble […]
