UK inheritance tax calculator showing nil-rate band threshold with estate planning documents and British flag

Inheritance Tax Rules Explained Simply 2026

Published: January 2026 | Reading time: 12 minutes Here’s something nobody tells you at dinner parties: inheritance tax rules in the UK are simultaneously straightforward and maddeningly complex. The basic premise? Dead simple. Your estate gets taxed at 40% on everything above £325,000. But then the government added residence nil-rate bands, seven-year rules, taper relief, […]