Inheritance Tax & gifts guides

3 guides

The nil-rate bands, the seven-year rule, gifts to family and the legitimate ways to reduce what an estate pays.

Residence Nil Rate Band: The Extra £175,000 for Leaving Your Home

The residence nil rate band adds up to £175,000 of tax-free allowance when you leave your home to children or grandchildren. Here is who qualifies, how the £2m taper bites, and what happens if you downsize.

By Laura Michelle Davis · 24 Sept 2026

Gifting Money to Children: The £3,000 Rule and Gifts Out of Normal Income

Giving money to your children is not taxed when you hand it over, but it can still affect Inheritance Tax. Here is how the £3,000 annual exemption, small gifts, wedding gifts, gifts out of normal income and the seven-year rule fit together.

By Laura Michelle Davis · 24 Sept 2026

Inheritance Tax When the Second Parent Dies: The £1m Rule

The second death is when IHT really gets calculated. How both parents' nil-rate bands combine to £1 million, with worked examples and executor steps.

By Peter Cunniffe · 27 Jul 2026

Deadlines, rate changes and what to claim

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Inheritance Tax & gifts guides

Residence Nil Rate Band: The Extra £175,000 for Leaving Your Home

Gifting Money to Children: The £3,000 Rule and Gifts Out of Normal Income

Inheritance Tax When the Second Parent Dies: The £1m Rule

Other topics

Deadlines, rate changes and what to claim