Inheritance Tax (IHT) is paid when a person's estate is worth more than £325,000 when they die - exemptions, passing on property. Sometimes known as death duties.

How Inheritance Tax works: thresholds, rules and allowances; Tax on property, money and shares you inherit; Trusts and taxes

How Inheritance Tax works: thresholds, rules and allowances. Ask HMRC online. Ask HMRC’s digital assistant to get a quick answer to your query about: valuing an estate; paying …

• fill in the forms you need to complete your Inheritance Tax account • follow the correct procedure to apply for a grant of probate • pay the correct amount of Inheritance Tax, if there is any...

IHT400 Rates and tables Page 1 HMRC 04/25 Inheritance Tax nil rate bands, limits and rates IHT400 Rates and tables The Inheritance Tax nil rate band and interest rates are subject to …

Mar 10, 2025 · What is Inheritance Tax (IHT)? When is IHT charged? How do I calculate IHT on a person's estate? What rate of IHT applies?

Apr 8, 2025 · Inheritance tax is a tax on the 'estate' of someone who's passed away. But as we've said, only around one in 25 families (around 6%) have to pay it, as most estates fall below the …

Jan 22, 2025 · Inheritance Tax (IHT) is undergoing significant reforms in 2025, with changes that will particularly impact non-domiciled individuals (non-doms), business owners, and those with …

Dec 11, 2023 · Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions, and money. The management and enforcement of IHT falls under the …

Mar 13, 2025 · Following a meeting with HMRC’s trust and inheritance tax (IHT) teams, ICAEW’s Tax Faculty has pulled together five tips which may help taxpayers and agents to complete …