Inheritance tax and related manuals

IHT planning using Whole of Life plans

Give clients that are thinking about IHT the peace of mind that their families and businesses will be protected after they’re gone.

• IHT planning using Whole of Life guide (PDF)

HMRC Manuals

HM Revenue and Customs produce a number of manuals for their staff. The guidance contained in this manual is not comprehensive nor will it provide a definitive answer in every case.

• Inheritance Tax Manual

Inheritance tax business relief changes

One of the changes announced in the Autumn Budget 2024 was to the inheritance tax business relief. This article looks at our understanding of the change and the impact on business owners.

• Inheritance tax business relief changes

Inheritance tax calculator

Calculate any potential inheritance tax liability based on an individual's assets and liabilities using our calculator.

• Inheritance tax calculator

Long Term Resident and Inheritance Tax

UK Inheritance Tax being based on domicile is changing from 6 April 2025. Instead, whether an individual pays UK inheritance tax (‘IHT’) will be based on residence. This article looks at our understanding of this change.

• Long Term Resident and Inheritance Tax

Technical articles

Trusts are a very important planning tool that allow clients to appoint people to manage a gift for others. The people the client appoints are called ‘the trustees’ and are responsible for looking after the asset on behalf of the people that will ultimately receive it (the beneficiaries).

• Can a Trustee pay out to themselves under a discretionary trust?

The Finance Act 2013 introduced a change which limits the deductibility of debts in certain circumstances. Here we explain the changes.

• Deductibility of debts for Inheritance Tax

In this guide we talk about the importance of inheritance tax planning.

• Importance of inheritance tax planning 

On the 6 April 2015 the residence nil-rate band was introduced. This is an additional threshold for inheritance tax planning above the current £325,000 threshold. Here we explain how this works.

• Residence nil-rate band

Gifts made to anyone from your client’s estate are exempt from inheritance tax provided that they survive for a period of 7 years from the date the gift is made. Here we explain how this works.

• What is a gift inter vivos policy and when should it be used?

Rysaffe planning can be used to remove or reduce charges by placing pure protection plans into smaller discretionary trusts on consecutive days. Here we explain how this works

• Pure protection plans written into a discretionary trust - Rysaffe Planning

In the Autumn 2024 Budget statement, the government made several announcements about inheritance tax.

Here we look at some of the questions we've been asked following the announcement. The answers to the questions are based on our current understanding of the proposals. 

Autumn Statement 2024 – Inheritance tax proposals frequently asked questions