Inheritance Tax and gifting guide

If your estate could be liable for Inheritance Tax (IHT), gifting is one solution for passing on wealth while reducing the bill that could be appropriate for you. Our latest guide explains the basics of IHT and what you need to consider if you want to make gifting part of your long-term financial plan.

The guide covers:

• What Inheritance Tax is and when it has to be paid

• What Potentially Exempt Transfers (PET) are and how they affect IHT

• Gifting allowances that allow you to pass on wealth or assets to loved ones free from IHT

• How a charitable legacy can reduce an IHT bill

• Reliefs that allow you to gift certain assets free from IHT

IHT can significantly reduce what you leave behind for loved ones, but there are often things you can do to reduce the bill. If you’re worried about IHT, please contact us. We’ll help you put a plan in place that considers your legacy, including gifting where appropriate.

Please note: The Financial Conduct Authority does not regulate estate or tax planning.