Inheritance Tax is commonly charged at 40% on the part of an estate above the available thresholds, after taking account of applicable exemptions and reliefs. The taxable estate, available nil-rate bands and final rate treatment depend on the facts, and planning cannot guarantee that a liability will be reduced or eliminated.
For chargeable events from 6 April 2025, the scope of non-UK assets is generally determined by the long-term UK residence rules rather than domicile. A person is normally long-term UK resident after being UK resident for at least 10 of the previous 20 tax years, and a residence tail can continue after departure. Transitional and trust rules can change the result. We support UK residents, people living abroad and families with cross-border estates, with specialist legal advice used where required.
Where estate administration, probate income, capital gains or personal tax reporting is involved, we can connect inheritance tax planning with Self Assessment tax return support and Capital Gains Tax advice.
Why Choose Accusolve for Inheritance Tax Planning?
Our specialist tax advisers provide clarity and reassurance in this complex area:
- Expert inheritance tax planning tailored to your estate
- Guidance on lifetime gifts, exemptions, and reliefs
- Trust and estate planning strategies
- Support for executors and beneficiaries
- Cross-border inheritance tax advice for international estates
Our Inheritance Tax Services Cover:
- Estate and succession planning
- Use of nil-rate bands and transferable allowances
- Business Property Relief and Agricultural Relief advice
- Setting up and managing trusts
- Lifetime gifting strategies
- IHT reporting and compliance with HMRC
- Joined-up planning with Capital Gains Tax and Self Assessment tax return requirements
Related Personal Tax Support
Inheritance Tax planning often overlaps with Capital Gains Tax, estate income and personal Self Assessment reporting. We help keep the tax position joined up across these areas.
The Benefits of Inheritance Tax Planning
Planning ahead ensures your wealth is preserved and passed on according to your wishes:
- Reduce or eliminate unnecessary IHT liabilities
- Provide financial security for future generations
- Ensure your estate is structured tax-efficiently
- Gain peace of mind knowing your affairs are in order
Inheritance Tax FAQ's
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Who pays Inheritance Tax?
Inheritance Tax is usually paid from the deceased’s estate before distribution to beneficiaries. Executors are responsible for settling the liability with HMRC.
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What is the current Inheritance Tax threshold?
The nil-rate band is one threshold used when calculating IHT. The part of an estate above the available thresholds is commonly taxed at 40%, but exemptions, reliefs, residence status, trusts and the terms of the estate can alter the calculation.
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Can I reduce my Inheritance Tax liability?
Yes. Reliefs such as Business Property Relief, Agricultural Relief, and exemptions for gifts can significantly reduce your liability. Professional advice is key to maximising these opportunities.
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Do non-UK residents pay Inheritance Tax?
UK assets can remain within scope, and from 6 April 2025 a long-term UK resident can also be within scope on non-UK assets. The long-term residence test, any post-departure tail, transitional provisions and trust rules must be checked for the relevant event.
