Inheritance tax and related manuals
Information to help you support your clients with any inheritance tax liability that may apply to them.
HM Revenue and Customs produce a number of manuals for their staff. The guidance contained in this manuals is not comprehensive nor will it provide a definitive answer in every case.
Read our technical articles
The Finance Act 2013 introduced a change which limits the deductibility of debts in certain circumstances. Here we explain the changes.
On the 6 April 2015 the residence nil-rate band (RNRB) was introduced. This is an additional threshold for inheritance tax (IHT) planning above the current £325,000 threshold. Here we explain how this works.
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.
The 'Rysaffe principle' is a way of using multiple trusts to reduce the Inheritance Tax payable as each trust has its own nil rate band. Here we explain how.
In July 2019 the Office of Tax Simplification published its second report on the simplification of inheritance tax. This report sets out a number of recommendations for 'a more coherent and understandable structure of the tax'. Here's our summary of the report.